Jarett $ Sons' common stock currently trodes at $38.00 a share. It is expected to pay an annual dividend of $1.75 a share at the end of the year (0,=51.75), and the constant growth rate is 8% year a. What is the company's cost of common equity if all of its equ ity comes from retained earnings? Do not round intermediate calculations. Round your answee to two decimal places. b. If the company issued new stock. it would incur an 11 so fotation cost, What would be the cost of equity from new stock? Do not round intermediate cakicatations. Round Your answer to two decimal places