In order to meet their capital needs for next year a firm will need to sell some additional shares of their class A common stock. flotation costs are estimated to be 2.00 per share. Class a shares currently trade at 20.00 and most recently paid a divident of .75 per share. the firm expects to grow at a constat 6.4% for the foreseeable future. Calculate the firm's cost of common equity from new shares.