La & Associates common stock currently trades at $60 a share. It is expected to pay an annual dividend of 1.80 a share at the end of the year D , =$180), and the constant growth rate : 9.7 percent a year. What is the compuny's cost of common equity if all of its equity comes from retainted camnings! Sa 12.20% 6854 3.00% Ritter Industries common stock currently trades at $60 a share. It is expected to pay an annual dividend of $3.30 a share at the end of the year (D = $3.30X and the constant growth rate is 8.1 percent a year. If the company were to issue new stock, it would incur a 5 percent flotation cost. What would the cost of equity from new stock be? Ca. 13.60% 14.059 OC 13.34" d:14 36% e. 13.899