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Brookes Corporation has an expected dividend (D1) of $1.60, a current stock price (P0) of $40, and a constant growth rate of 7.2%. If new common stock Is issued, the company will incur flotation costs of 6%. What is the company's cost of retained earnings? Your answer should be between 9.28 and 12.82 , rounded to 2 decimal places, with no special characters. Brookes Corporation has an expected dividend (D1) of $1.60, a current stock price (P0) of $40, and a constant growth rate of 7.2%. If new common stock Is issued, the company will incur flotation costs of 6%. What is the company's cost of retained earnings? Your answer should be between 9.28 and 12.82 , rounded to 2 decimal places, with no special characters