Gentex Corporation paid a dividend yesterday of $4 per share. The dividend is expected to grow at a constant rate of 6.0% per year. The price of Gentex Corporation's stock today is $24.00 per share. If Gentex Corporation decides to issue new common stock, flotation costs will equal $2.40 per share. Gentex Corporation's marginal tax rate is 35%. Based on the above information, the cost of newly issued common stock is 24.12% O 27.57% O 25.63% 28.48%