Given: Debt rate for this firm Tax rate Preferred Dividend Price Preferred Stock Common Dividends at 11 Price of Common Stock Growth rate of dividends Flotation costs = 9% = 26% = $5.00 = $45.00 = $4.00 = $32.00 = 5% 5% of price Calculate the cost of internal common equity (expressed as a percentage with one decimalie. xx.x%)