Eakins Inc.'s common stock currently sells for $15.00 per share the company expects to earn $2.75 per share during the current year, its expected payout ratio is 70%, and its expected constant growth rate is 6.00%. 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? Do not round your intermediate calculations Select one: O a. 0.67% O b.0.78% O c. 1.129 O d. 1.45% O e. 0.89%