Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $64.24. The firm expects to pay a $3.27 dividend at the end of the year (2016). The dividends for the past 5 years are shown in the following table: (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year Dividend per Share 2015 $2.99 2014 $2.88 2013 $2.46 2012 $2.26 2011 $2.08 After underpricing and flotation costs, the firm expects to net $58.46 per share on a new issue. Year 2015 2014 2013 2012 2011 Dividend per Share $2.99 $2.88 $2.46 $2.26 $2.08 After underpricing and flotation costs, the firm expects to net $58.46 per share on a new issue. a. Determine the growth rate of dividends from 2011 to 2015. b. Determine the net proceeds, N, that the firm will actually receive. c. Using the constant-growth valuation model, determine the cost of retained earnings, rs. d. Using the constant-growth valuation model, determine the cost of new common stock, in