(Cost of internal equity) Pathos Co,'s common stock is currently selling for $20.53. Dividends paid last year were 51.10. Flotation costs on issuing stock will be 9 petcent of maket price. The dividencts and earnings per share are progected to have an annual growth rato of 11 percent, What is the cost of internal common equify? for Pathos? The cost of internal common equity for Pathos is Ke. (Round to two dacimal paces.)