Cost of common stock equity Ross Textiles wishes to measure its cost of common slock equily . The firm's stock is currently selling for $45.39. The firm fust recently pald a dividend of $4.08. The firm has been increasing dividends ropularly. Flve years ago, the dividend was fust $3.01 Alier underpricing and flotation costs, the firm expects to not $39.49 per share on a new issue a. Determine average annual dividend growth rate over the past 5 years. Using that growh rate, what dividend would you expect the cornpany to pay next year? b. Determine the net proceeds, Nn, that the firm will actually receive c. Using the constant-growth valuation model, determine the required return on the company/s stodk, fA, which should equal the cost of retained earnings, ff d. Using the constant growth valuation model, determine the cost of new coennon stock, rn a. The average annual dividend growth rate over the past 5 years is \%. (Round to two docimal places.)