Hamilton Company paid a dividend yesterday of $2 per share (D0=$2 ). The dividend is expected to grow at a constant rate of 10% per year. The price of Hamiltons stock today is $20 per share. If the firm decides to issue new common stock, flotation costs will equal $2 per share. Compute the firm's cost of newly issued common stock 18.50% 19.32% 20.75% 22.22%