Intro Belkin is expected to pay an annual dividend of $12.38 one year from now. Dividends are expected to grow by 2.5% every year and the current stock price is $188.5. The company is in the process of issuing new common stock, with flotation costs of 4% of the issue price. Part 1 Attempt 3/3 for 10 pts. What is the cost of new common stock, according to the DCF approach? B+ decimals Submit Attempt 2/3 for 10 pts. Part 2 What is the flotation cost adjustment