Intro Belkin is expected to pay an annual dividend of $12.38 one year from now. Dividends are expected to grow by 3.9% every year and the current stock price is $187.6. The company is in the process of issuing new common stock, with flotation costs of 8% of the issue price. Part 1 What is the cost of new common stock? B+ decimals Submit Attempt 4/10 for 10 pts.