Question 11 of 15 Click here to read the eBook: The Cost of Retained Earnings, Click here to read the eBook: Cost of New Common Stock, COST OF COMMON EQUITY WITH AND WITHOUT FLOTATION The Evanec Company's next expected dividend, D1, is $2.86; its growth rate is 6%; and its common stock now sells for $40. New stock (external equity) can be sold to net $32.00 per share. a. What is Evanec's cost of retained earnings, re? Round your answer to two decimal places. Do not round your intermediate calculations. % b. What is Evanec's percentage flotation cost, F? Round your answer to two decimal places. F c. What is Evanec's cost of new common stock, re? Round your answer to two decimal places. Do not round your intermediate calculations. re % Olcano