Quantitative Problem: Barton Industries expects next year's annual dividend, D1, to be $1.60 and it expects dividends to grow at a constant rate g = 4.8%. The firm's current common stock price, P0, is $21.70. If it needs to issue new common stock, the firm will encounter a 5.6% flotation cost, F. 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.