7. Cost of new common stock Aa Aa represent the fees that firms pay to investment bankers to help them issue new common stock. White Lion Homebuilders has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $2.45 at the end of next year. The company's earnings' and dividends' growth rate are expected to constant rate of 5.20% into the foreseeable future. If white Lion expects to incur flotation costs of value of its newly-raised equity funds, then the flotation-adjusted (net) cost of its new common stock (rounded t two decimal places) should be grow at the 5.00% of the