In order to meet their capital needs for next year a firm will need to seli some additional shares of their Class A Common 5 tock. Flotation costs are estimated to be $2.50 per share. Class A shares currently trade at $25.00 and most recently paid a dividend of $1.50 per share. The firm expects to grow at a constant 4.00% for the foresecable future. Calculate the firm's cost of common erpity from new shares. Select one: . 10.93% b. 10.24% c. 10.00% d. 10.674