Eakins Inc.$$s common stock currently sells for $$15\mathrm{.}00$ per share, the company expects to earn $$2\mathrm{.}75$ per share during the current year, its expected payout ratio is $70\%,$ and its expected constant growth rate is $6\mathrm{.}00\%.$ New stock can be sold to the public at the current price, but a flotation cost of $8\%$ would be incurred. By how much would the cost of new stock exceed the cost of retained earnings $($difference between rs and re$)?$