Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $79.97 The firm just recently paid a dividend of $4.11. The firm has been increasing dividends regularly Five years ago the dividend was just $3.02. After underpricing and flotation costs the firm expects to net $70 37 per share on a new issue a. Determine average annual dividend growth rate over the past 5 years. Using that growth rate, what dividend would you expect the company to pay next year? b. Determine the net proceeds, Nthat the firm will actually receive c. Using the constant-growth valuation model, determine the required return on the company's stock, which should equal the cost of retained earnings d. Using the constant-growth valuation model determine the cost of new common stock. In OD a. The average annual dividend growth rate over the past 5 years is % (Round to two decimal places