Murray Motor Company wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (D1) of $3.30 per share, and the current price of its common stock is $68 per share. The expected growth rate is 3 percent o. Compute the cost of retained earnings ( Ke ). Note: Do not round intermediate colculations, Input your answer as a percent rounded to 2 decimal places. b. If a $4 flotation cost is involved, compute the cost of new common stock (Kn). Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places