Jarett B Sons's common stock currently trades at $29.00 a share. It is oxpected to pay an annual dividend of $3.00 a share at the end of the year (D1=$3.00), and the constant growth rate is 5% a yeae. a. What is the company's cost of common equity if all of its equity comes from retained eamings? Do not round intermediate calculations. Round your answer to two decimal places. b. If the company issued new stock, it woild incur a 15% fotation cost. What would be the cont of equity from new stock? Do not round intermediate calculations, Round your answer to two decimal piaces