Intro Belkin is expected to pay an annual dividend of $12.38 one year from now. Dividends are expected to grow by 3.2% every year and the current stock price is $183.9. The company is in the process of issuing new common stock, with flotation costs of 11% of the issue price. Part 1 Attempt 1/3 for 10 pts. What is the cost of new common stock, according to the DCF approach? 3+ decimals Submit Attempt 1/3 for 10 pts. Part 2 What is the flotation cost adjustment? 4+ decimals Submit