Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $38.34. The firm expects to pay a $3.46 dividend at the end of the year (2016). The dividends for the past 5 years are shown in the following table:

a. Calculate the dividend growth rate.

b. Nets proceeds given as: _______

c. Calculate the cost of retained earnings.

d. Calculate the cost of the new issue of common stock.