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Eakins Inc.'s common stock currently sells for $25.00 per share, the company expects to earn $2.90 per share during the current year, its expected payout ratio is 70%, and its expected constant growth rate is 6.00%. New stock can be sold to the public at the current price, but a flotation cost of 8% would be incurred. By how much would the cost of new stock exceed the cost of retained earnings? Do not round your intermediate calculations O a 1.01% O b. 1.44% O c 0.60% O d. 0.71% e. 0.75%