Retained earnings versus new common stock Using the data for a firm shown in the fofowing table, calculate the cost of retained emings and the cost of new common atook using the contant growth valuation model (Cick on the here in order to copy the contents of the data table below into spreadsheet) a. The cost of retained earings is% (Round to two decimal places) b. The cost of new common stock is % (Round to bwo decimal places) Current market price per share $34.00 Dividend growth rate 3 Projected dividend per share next year $1.36 Underpricing Fistation cost per share per share $1.00 $1.75