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 located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Current market Dividend price per share growth rate $41.00 9% Projected dividend per share next year $1.64 Underpricing Flotation cost per share per share $2.50 $2.50