A business is raising money for a new project. It is looking to raise $45 million via loan. The bank is asking 9.5% for the loan. 3a, One year ago, the business's earning report posted \$7.2 EPS, and the business paid $3.6 dividend for every share. The ROE is 14%. Assume the retention ratio will stay the same for the next few years. What is the growth rate for the business's common stock? (10 points) 3b, Assume the business will maintain its growth rate for a few years, and the stock's current market value is $56. Find the cost of common stock? ( 10 points)