please ignore the first question. i need help only with the second question. the first picture was taken by a mistake

Murray Motor Company wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (D) of $220 per share, and the current price of its common stock is $40 per share. The expected growth rate is 7 percent. a. Compute the cost of retained earnings (K) (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Cost of retained earnings b. If a $2 flotation cost is involved, compute the cost of new common stock (Kn). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Cost of new common stock Business has been good for Keystone Control Systems, as indicated by the eleven-year growth in earnings per share. The earnings have grown from $1.00 to $2.58. a. Determine the compound annual rate of growth in eamings (n=11). (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Compound annual rate of growth b. Based on the growth rate determined in part a project earnings for next year (E) (Do not round Intermediate calculations. Round your answer to 2 decimal places.) c. Assume the dividend payout ratio is 35 percent. Compute D (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. The current price of the stock is $21. Using the growth rated from part a and (D) from partc compute K (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) e. If the flotation cost is $3.00, compute the cost of new common stock (Kn) using growth rate from part a and dividend (D) from partc (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places)