39. ABC Company has a common stock with a market price of P100 per share and an expected dividend of P5.61 per share at the end of 2021. A new issue of stock is expected to be sold for P98, with a P2 per share representing the underpricing necessary in the competitive capital market. Flotation costs are expected to total P1 per share. The dividends paid on the outstanding stock for the last 5 years are : 2016 P4.00 2017 P4.28 2018 P 4.58 2019 P4.90 2020 P5.24What is the expected return on the issue of new common stock in 2021? [% form 1 decimal place]