Question 4 (1 point) Javits & Sons' common stock currently trades at $64.50 a share. It is expected to pay an annual dividend of $9.00 a share at the end of the year, and the constant growth rate is 11.00% a year. a. What is the company's cost of common equity if all of its equity comes from retained earnings? b. If the company issued new stock, it would incur a 24.00% flotation cost. What would be the cost of equity from new stock? a)24.953%; b)31.379% a)11.000%: b)24.000% a)24.953%; b)29.360% a)26.488%; b)29.360% a) 26.488%; b)31.379%