BN Unicorn Co. common stock has a beta of 1.17 and is expected to pay a $2.28 dividend over the next year. The dividend is expected to grow at the constant rate of 6% per year. The risk.free rate is 0.56% and the return on the market index is 7.58%. What is the cost of new equity to the firm, in %, to the nearest. 0.01%. if the flotation costs of issuing it are 4% ? (Drop the \$h symbol.)