Jarett \& Sons's common stock currently trades at $20.00 a share. It is expected to pay an annual dividend of $1.75 a share at the end of the year (D =$1.75 ). and the constant growth rate is 8% 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. Hound youf antwer to two decimal places: b. If the company issued new stock, it would incur a 10% flotation cost. What would be the cost of equity from new stock? Do not round intermediate calculations. Reund your answer to two decimal places