10 points QUESTION 5 1. Virtucon's stock is selling for $52. Its last dividend was $4.50, and the firm is expected to grow at 7% indefinitely. Flotation costs associated with the sale of common stock are 11% of the proceeds raised. Estimate Virtucon's cost of equity from retained earnings and from the sale of new stock. Round the answers to two decimal places. Enter numbers only; do not include the "%". For retained earnings: % For new equity: %