Belkin is expected to pay an annual dividend of $12.38 one year from now. Dividends are expected to grow by 2.9% every year and the current stock price is $188.6. The company is in the process of issuing new common stock, with flotation costs of 10% of the issue price. a: What is the cost of new common stock, according to the DCF approach? b:What is the flotation cost adjustment?