Please see the questions below and provide answers. Thank you.

Sunny Day Manufacturing Company has a current stock price of $22.35 per sharer and is expected to pay a pershare dividend of $ 1.36 at the end of next yea r. The company's earnings' and dividends' growth rate are expected to grow at the constant rate of 520% into the foreseeable future. If Sunny Day expects to incur flotation costs of 6.50% of the value of its newly-raised equity funds, then the flotation-adjusted {net} cost of its new common stock {rounded to two decimal places} should he