Quantitative Problem: Barton Industries expects next year's annual dividend, D$1,$ to be $$2\mathrm{.}20$ and it expects dividends to grow at a constant rate g $=4\mathrm{.}1\%.$ The firm's current common stock price, P$0,$ is $$20\mathrm{.}00.$ If it needs to issue new common stock, the firm will encounter a $5\mathrm{.}7\%$ flotation cost, F$.$ What is the flotation cost adjustment that must be added to its cost of retained earnings? Do not round intermediate calculations. Round your answer to two decimal places.

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What is the cost of new common equity considering the estimate made from the three estimation methodologies? Do not round intermediate calculations. Round your answer to two decimal places.

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