Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $75.32. The firm just recently paid a dividend of $4.02. The firm has been increasing dividends regularly. Five years ago, the dividend was just $2.96 After underpricing and flotation costs, the firm expects to net $70.05 per share on a new issue 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, N that the firm will actually receive. c. Using the constant-growth valuation model, determine the required return on the company's stock, rs. which should equal the cost of retained earnings, r d. Using the constant-growth valuation model, determine the cost of new common stock, r