Question: How do I do this problem on my own and how could I do it in a calculator please let me know Weaver Chocolate Co

How do I do this problem on my own and how could I do it in a calculator please let me know
Weaver Chocolate Co. expects to earn $3.50 per share during the current year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sells for $47.50 per share. New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. What would be the cost of equity from new common stock? Do not round your intermediate calculations.
a.11.04%
b.10.93%
c.12.37%
d.10.82%
e.9.39%
 How do I do this problem on my own and how

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