Jarett & Sons's common stock currently trades at $40.00 a share. It is expected to pay or annisul dividend of $3.00 a share at the end of the year (02-53.00) 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? Do not round intermediate calculations. Round your ower to two deoma places, b. If the company issued new stock, it would incur a 14% Potation cost. What would be the cost of equity from new stack? Do not round intermediate calitation Band your answer to two decimal places