12 Jiffy Co, expects to pay a dividend of $4.12 per share in one year. The current price of jiffy common stock is $30.21 per share. Flotation costs are $3.59 per share when jiffy issues new stock. What is the cost of internal common equity (retained earnings) if the long term growth in dvidends is projected to be % percent indefinitely. Jiffy Co, expects to pay a dividend of $4.12 per share in one year. The current price of jiffy common stock is $30.21 per share. Flotation costs are $3.59 per share when jiffy issues new stock. What is the cost of internal common equity (retained earnings) if the long term growth in dvidends is projected to be 5 percent indefinitely