Hofstadler Inc.s common stock currently trades at $105.25 per share. It is expected to pay an annual dividend of $4.50 at the end of the year, and the constant growth rate is 4.0% a year. a. What is the companys cost of retained earnings (internal equity)? (5 points) b. What is the companys cost of new stock, if flotation costs are 5%? (5 points)