Quantitative Problem: Barton Industries expects next year's annual dividend, D1, to be $2.20 and it expects dividends to grow at a constant rate g = 4.6%. The firm's current common stock price, P0, is $21.90. If it needs to issue new common stock, the firm will encounter a 4% flotation cost, F. Assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5% what is the lo ation cost a usm entthat m ust be added to scost of tai dea ning Round our answer to 2 decimal places. Do not round intermediate calculations. What is the cost of new common equity considering the estimate made from the three estimation methodologies? Round your answer to 2 decimal places. Do not round intermediate calculations