Norwegian Cruise Line Holdings Ltd $($NCLH$)$ is expected to grow at a $9$ percent rate. Currently the company's common stock is selling for $$35$ per share. The most recent dividend paid by NCLH was $$1\mathrm{.}75$ per share. If new common stock is issued, NCLH will incur flotation costs of $1\mathrm{.}5\%.$

$2.$ What is the company's cost of retained earnings? Round your answer to two decimal places.

$3.$ What is its cost of new common equity? Round your answer to two decimal places.

NCLH Cost of Retained Earnings

NCLH Cost of New Common Equity