Assignment Score: 16.667 Save Submit Assignment for Grading Questions Problem 10.01 (Cost of Equity with and without Flotation) Question 6 of 6 4 AZ Check My Work (1 remaining) 5 cBook Problem Walk Through Jarett & Sons's common stock currently trades at $23.00 a share. It is expected to pay an annual dividend of $2.00 a share at the end of the year (D1 - $2.00), and the constant growth rate is 7% a year a. 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 7 b. If the company issued new stock, it would incur a 15%. flotation cost. What would be the cost of equity from new stock? Do not round intermediate calculations. Round your answer to two decimal places 10.19% Check My Work (1 remaining) Problems 10.04 (Cost of Equity with and without Flotation) Save Question 6 of 6 Submit Assignment for Grading