Adamson just paid a dividend of $1.5 per share; the dividend will grow at a constant rate of 6%. Its common stock now sells for $27 per share. New stocks are expected to be sold to net $24.60 per share. Estimate Adamson's cost of retained earnings and its cost of new common stock.

Group of answer choices

11.56% ; 12.10%

11.56% ; 12.46%

11.89% ; 12.46%

12.02% ; 12.88%

11.89% ; 12.10%