Intro Tesla is expected to pay an annual dividend of $2.38 one year from now. Dividends are expected to grow by 2.3% every year and the current stock price is $189.7. Tesla is in the process of issuing new common stock, with flotation costs of 3% of the issue price. Part 1 10 Attempt 1/5 for 10 pts. What is the cost of new common stock