Darett \& Sons' common stock currently trades at $36.00 a share. It is expected to pay an annual dividend of $1.75 a share at the end of the year ( D1=$1.75), and the constant growth rate is 6% a year. e. What is the company's cost of common equity if all of its equity comes from retained earnings? Do not round intermediate calculations. Round your anawer to two decimal places. \% b. If the company issued new stock, it would incur a 13% flotation cost. What would be the cost of equity from new stock? Do not round intermediate caiculations. Round your onswer to two decimal places