was just $\backslash (\backslash$$ $2\mathrm{.}99\backslash ).$ After underpricing and flotation costs, the firm expects to net $\backslash (\backslash$$ $69\mathrm{.}00\backslash )$ per share on a new issue. a$.$ Determine average annual dividend growth rate over the past $5$ years. Using that growth rate, what dividend would you expect the company to pay next year? b$.$ Determine the net proceeds, $\backslash (\backslash$mathrm$\{$N$\}\_\{\backslash$mathrm$\{$n$\}\}\backslash ),$ that the firm will actually receive. c$.$ Using the constant$-$growth valuation model, determine the required return on the company's stock, $\backslash ($ r$\_\{$s$\}\backslash ),$ which should equal the cost of retained earnings, $\backslash ($ r$\_\{$r$\}\backslash ).$ d$.$ Using the constant$-$growth valuation model, determine the cost of new common stock, $\backslash ($ r$\_\{$n$\}\backslash ).$ a$.$ The average annual dividend growth rate over the past $5$ years is $\backslash (\backslash \%\backslash ).($Round to two decimal places.$)$ Using that growth rate, the dividend you expect the company to pay next year is $\backslash (\backslash$$ $\backslash$quad $\backslash )($Round to two decimal places.$)$ b$.$ The net proceeds, $\backslash ($ N$\_\{$n$\}\backslash ),$ the firm will actually receive are $\backslash (\backslash$$ $\backslash )($Round to two decimal places.$)$ c$.$ Using the constant$-$growth valuation model, the cost of retained earnings, $\backslash ($ r$\_\{$s$\}\backslash ),$ is $\backslash (\backslash \%\backslash ).($Round to two decimal places.$)$ d$.$ Using the constant$-$growth valuation model, the cost of new common stock, $\backslash ($ r$\_\{$n$\}\backslash ),$ is $\backslash (\backslash \%\backslash ).($Round to two decimal places.$)$