Adamson will pay a dividend of $2.5 per share at the end of this year; the dividend will grow at a constant rate of 4.5%. Its common stock now sells for $30 per share. New stocks are expected to be sold to net $27.50 per share. Estimate Adamson's cost of retained earnings and its cost of new common stock.

Group of answer choices

12.83% ; 13.59%

13.21% ; 14.00%

13.21% ; 13.59%

13.16% ; 14.31%

12.83%; 14.00%