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 dividend of $0.75 per share. The firm expects to grow at a constant 6.40% for the foreseeable future. Calculate the firm's cost of common equity from new shares. Select one: a. 4.43% b. 3.99% . 3.75% d. 4.17% O