Retained earnings versus now common stock Using the data for a firm shown in the following table, calculate the cost of retained oamings and the cost of now 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 rato share next year per share per share $39.00 7% $1.17 $1.00 $2.25 The cost of retained earnings is 3% (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. 2