A firm needs to take flotation costs into account when it is raising capital from Amba Co. is considering a one-year project that requires an initial investment of 5450,000; however, in raising this capital, Amba will incur an additional flotation cost of 2.0%. At the end of the year, the project is expected to produce a cash inflow of S550,000. Determine the rate of return that Amba expects to earn on the project after flotation costs are taken into account. Amba Co. hasa current stock price of S33.35 and is expected to pay a dividend of 52.45 at the end of next year. The company's growth rate is expected to remain constant at 5.2%. If flotation costs represent 3.0% of funds raised, what is the flotation-adjusted cost of new common stock