Evanec just paid a dividend of $2.2; the dividend will grow at a constant rate of 4.5%. Its common stock now sells for $25 per share. New stocks are expected to be sold to net $22.60 per share. Estimate Evanecs cost of retained earnings and its cost of new common stock.

Group of answer choices

13.70% ; 14.67%

13.86% ; 14.77%

13.16% ; 14.31%

13.55% ; 14.45%

13.30%; 14.23%