QUESTION 1 Jarett & Sons's common stock currently trades at $50.00 a share. It is expected to pay an annual dividend of $5.00 a share at the end of the year, and the constant growth rate is 4% a year. If the company issued new stock, it would incur a 10% flotation cost. What would be the cost of equity from new stock? O 12.5% 14.8% 15.1% 13.4%