Jarett 5.500 s' common stock eurrently trades at 533.00 a share. It is expected to pay an annual dividend of $1.25 a share at the end of the year (D 3 . 51.25 ), and the constant growth rate is 7w a year: a. What is the company's cost of common equity if all of its equity comes from retained earnings? Do not round intermediate calculations: Round your answer to two decim places. b. If the company issued new stock, it would incur an 11% fiotation cost. What would be the cost of equity trom new stock? Do not round intermediate calculations. ound your answer to two decimal places