6. Loorious Corp. wants to raise new common stock to finance an expansion. The corporation's existing common stock just paid a $12.50 per share dividend, which is expected to grow at a constant rate of 3% indefinitely. The stock currently sells for $85.00. Flotation expenses of 12% of the selling price will be incurred on any new shares issued. What is the corporation's cost of new common stock? of debt for the newly-issued Loorious Corp. wants to raise new common stock to finance an expansion. The corporation's existing common stock just paid a $12.50 per share dividend, which is expected to grow at a constant rate of 3% indefinitely. The stock currently sells for $85.00. Flotation expenses of 12% of the selling price will be incurred on any new shares issued. What is the corporation's cost of new common stock? The stock recently paid a