Ellington Electronics wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (02) of $260 per share, and the current price of its common stock is $52 per share the expected growth rate is 6 percent (Do not round intermediate calculations. Round the final answers to 2 decimal places.) o. Compute the cost of retained earnings (K). Cost of retained earnings 11% b. If a $40 flotation cost is involved, compute the cost of new common stock (Kn). Cost of new common stock 11.42