Business has been good for Keystone Control Systems, as indicated by the four$-$year growth in earnings per share. The earnings have grown from $$1\mathrm{.}00$ to $$3\mathrm{.}60.$

Determine the compound annual rate of growth in earnings $($n $=4).$

Note: Do not round intermediate calculations. Input your answer as a percent rounded to $2$ decimal places.

Based on the growth rate determined in part a$,$ project earnings for next year $($E$1)$

$.$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Assume the dividend payout ratio is $40$ percent. Compute D$1$

$.$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

The current price of the stock is $$23.$ Using the growth rate $($g$)$ from part a and $($D$1)$

from part c$,$ compute Ke

$.$

Note: Do not round intermediate calculations. Input your answer as a percent rounded to $2$ decimal places.

If the flotation cost is $$3\mathrm{.}00,$ compute the cost of new common stock $($Kn$)$

using growth rate $($g$)$

from part a and dividend $($D$1)$

from part c$.$

Note: Do not round intermediate calculations. Input your answer as a percent rounded to $2$ decimal places.