Darett \& Sons's common stock currentiy trades at $36.00 a share. It is expected to pay an annual dividend of $2.00 a share at the end of the year (D1=$2.00), and the constant growth rate is 6% a vear. a. 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 answer to two decimal places. \%. b. If the company issued new stock, it would incur an 8 s. fotation cost. What would be the cost of equity from new stock? Do not round intermediate caleulatipns, Round your answer to two decimal places