Jiffy Co. expects to pay a dividend of S3.OO per share in one year. The current price of Jiffy common stock is S60 per share. Flotation costs are $3.00 per share when Jiffy issues new stock. What is the cost of internal common equity (retained earnings) if the long - term growth in dividends is projecte1 to he 8 percent indefinitely? A. 13 percent B. 16 percent C. 15 percent D. 14 percent