Jarett & Sons's common stock currently trades at $31.00 a share. It is expected to pay an annual dividend of $2.50 a share at the end of the year (Di$2.50), and the constant growth rate is 4% a year. a. What is the company's cost of common equity if all of its equity comes from retained earnings? Round your answer to two decimal places. Do ot round your intermediate calculations Ir the company issued new stock it would incur a 11% notation cost what wo ld be the cost or equity from new stock? Round your ans er to two decirnal places. Do not round your intermediate calculations