Green Caterpillar has a current stock price of $33.35 and is expected to pay a dividend of $2.45 at the end of next year. The companys growth rate is expected to remain constant at 8%. If the issue's flotation costs are expected to equal 2% of the funds raised, the flotation-cost-adjusted cost of the firm's new common stock is . a: 15.50% b. 12.40% C. 13.18% D.15.30%