Quantitative Problem: Barton Industries expects next year's annual dividend, $D_1,$ to be $$1\mathrm{.}70$ and it expects dividends to grow at a constant rate $gL=4\mathrm{.}5\%$ The firm's current common stock price, $Po,$ is $$22\mathrm{.}20.$ If it needs to issue new common stock, the firm will encounter a $4\mathrm{.}9\%$ flotation cost, F$.$ Assume that the cost of equity calculated without the flotation adjustment is $12\%$ and the cost of old common equity is $11\mathrm{.}5\%.$ What is the flotation cost adjustment that must be added to its cost of retained earnings? Round your answer to $2$ decimal places. Do not round intermediate calculations.

What is the cost of new common equity? Round your answer to $2$ decimal places. Do not round intermediate calculations.