Sentry Manufacturing paid a dividend yesterday of $5 per shareID$51. The dividend is expected to grow at a constant rate of 8% per year. The price of Sentry Manufacturing's stocktoday is $29 per share If Sentry Manufacturing decides to issue new common stock, flotation costs will equal $2.50 per share. Sentry Manufacturing's marginal tax rate s 35%. Based on the above information, the cost of new common stockis 20.30 3140