7. bn unicorn co common stock has a beta of 1.21 and is expected to apy $2.41 dividend over the next year. The dividend is expected to grow at the constant rate of 6% per year. The risk free rate is 1.48% and the return on the market index is 8.23% what is the cost of new equity to the firm in %if the flotation costs of issuing it are 5%?