QUESTION 12 Jiffy Co. expects to pay a dividend of $2.55 per share in one year. The current price of Jiffy common stock is $38.68 per share. Flotation costs are $2.85 per share when Jiffy issues new stock. What is the cost of internal common equity (retained earnings) if the long-term growth in dividends is projected to be a percent indefinitely? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%) QUESTION 13 Shanos Ino, would like to finance an experimental cost saving procedure by issuing new common stock. The corporation's existing common stock currently sells for $34.25. Management believes that they can issue new common stock at this price, incurring flotation costs of 6.15% of the current market price. What is the stock's net market price (net proceeds)? Submit your answer as a dollar amount and round your answer to two decimal places (Ex $0.00)