ter 10 Homework a Search this cour Assignment: Chapter 10 Homework Assignment Score Some Assignment for Save uestions Problem 10.04 (Cost of Equity with and without Flotation) Question of Check My Work LE eBook Problem Walk-Through Jarett & Sons's common stock currently trades at $29.00 a share. It is expected to pay an annual dividend of $3.00 a share at the end of the year O (D. - $3.00), and the constant growth rate is 5% a year. oa. What is the company's cost of common equity if all of its equity comes from retained earnings? Do not round Intermediate calculations. Round your answer to two decimal places, b. If the company issued new stock, it would incur a 12% flotation cost. What would be the cost of equity from new stock? Do not round intermediate calculations. Round your answer to two decimal places. % Check My Work olcon Key Problem 10.04 (Cost of Fomity with and without Flotation