QUESTION 5 10 poi Virtucon's stock is selling for $52. Its last dividend was $4.50, and the firm is expected to grow at 7% indefinitely. Flotation costs associated with the sale of common stock are 11% of the proceeds raised. Estimate Virtucon's cost of equity from retained earnings and from the sale of new stock. Round the answers to two decimal places. Enter numbers only; do not include the "9". For retained earnings: % For new equity 96 QUESTION 6 5 poi The Longlife Insurance Company has a beta of 0.6. The average stock currently returns 16% and short-term treasury bills are offering 6%. Estimate Longlife's cost of retained earnings in percent. Round the answer to two decimal places. Enter numbers only; do not include the "%