A company's common stock currently sells for $22.50 per share, the expected dividend for the coming year is $1.12, and its expected constant growth rate is 6.00%. N price, but a flotation cost of 8% would be incurred. By how much would the cost of new stock exceed the cost of retained earnings? Do not round your intermediate c a. .74% b..43% c. .08% Od..91% e. .55%