Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $57.91 The firm just recently paid a dividend of $4.04. The firm has been increasing dividends regularly. Five years ago, the dividend was just $2.96 Alter underpricing and flotation costs, the firm expects to net 853 28 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, 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, d. Using the constant-growth valuation model determine the cost of new common stock, in a. The average annual dividend growth rate over the past 5 years is % (Round to two decimal places) Using that growth rate, the dividend you expect the company to pay next year is $. (Round to two decimal places.) b. The net proceeds, Noy the firm will actually receive are $ (Round to two decimal places) c. Using the constant-growth valuation model, the cost of retained earnings, , is % (Round to two decimal places) d. Using the constant growth valuation model, the cost of new common stock, in % (Round to two decimal places.)