Barton Industries expects next year's annual dividend, D1, to be $2.40 and it expects dividends to grow at a constant rate g = 4.3%. The firm's current common stock price, P0, is $20.00. If it needs to issue new common stock, the firm will encounter a 5.8% flotation cost, F.

What is the flotation cost adjustment that must be added to its cost of retained earnings? % (Do not round intermediate calculations. Round your answer to two decimal places.)

What is the cost of new common equity considering the estimate made from the three estimation methodologies? % (Do not round intermediate calculations. Round your answer to two decimal places.)