Question 4 of 5 3 Points Common equity investors of Adventure Outfitter Corp. require a 24.8% return. The flotation costs of selling the stock amount to 3.9% of the selling price. The dividends are expected to grow at the 5.7% annual rate forever. Find the cost of new equity for the company, in %6, to the nearest 0.0196 (drop the % symbol when recording the answer). Note: Use the alternative formula for finding the cost of new equity that requires no net proceeds input