Retained earnings versus new common stock Using the data for a firm shown in the following table, calculate the cost of retained earnings and the cost of new common stock using the constant-growth valuation model. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Projected Current market Dividend dividend per Underpricing Flotation cost price per share growth rate share next year per share per share A a. The cost of retained earnings is % (Round to two decimal places.) PER new common stock using the constant-growth valuation model (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Projected Current market Dividend dividend per Underpricing Flotation cost price per share growth rate share next year per share per share $54.00 6% $2.70 $2.50 $2.00 a. The cost of retained earnings is % (Round to two decimal places.)