> ack to Assignment 0 Attempts Keep the Highest 0/2 2. Problem 10.04 (Cost of Equity with and without Flotation) eBook Problem Walk-Through Jarett & Sons' common stock currently trades at $39.00 a share. It is expected to pay an annual dividend of $1.50 a share at the end of the year (0, - $1.50), and the constant growth rate is 4% a year What is the company's cost of common equity if all of its equity comes from retained earnings? Do not round Intermediate calculations, Round your answer to two decimal places % b. If the company issued new stock, it would incur a 14 flotation cost. What would be the cost of equity from new stock? Do Round your answer to two decimal places round intermediate calculations % Grade it Now Save & Continue