Question 25 (4 points) The Evanec Company's next expected dividend is $3.14; its growth rate is 5.43%; its common stock now sells for $36.66. There is a 5.85% investment banking fees associated with issuing new stocks, called Flotation Cost, for every share the company sells. What is Evanec's cost of new common equity, re? Note: your answer should be in the XX.XX% format, with the XX.XX part put into the answer box and the "%" put into the unit box