Brookes Corporation has an expected dividend (D1) of $1.60, a current stock price (P) of $40, and a constant growth rate of 8.0%. If new common stock is issued, the company will incur flotation costs of 6%. What is the company's cost of retained earnings? Your answer should be between 9.28 and 12.82, rounded to 2 decimal places, with no special characters. Question 4 5 pts Several years ago, the Jakobe Company issued a $1,000 par value, non-callable bond that now has 20 years to maturity and a 7% annual coupon that is paid semiannually. The bond currently sells for $965, and the company's tax rate is 40%, what is the component after-tax cost of debt for use in the WACC calculation? Your answer should be between 3.34 and 5.43, rounded to 2 decimal places, with no special characters