Ellington Electronics wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (Di) of $3.00 per share, and the current price of its common stock is $60 per share. The expected growth rate is 8 percent. (Do not round Intermediate calculations. Round the final answers to 2 decimal places.) a. Compute the cost of retained earnings Ko). Cost of retained earnings b. If a $5.0 flotation cost is involved, compute the cost of new common stock (Kn) Cost of new common stock