The last dividend paid on a share of a company's common stock was $$4.$ The growth rate for the the company's dividends is expected to be $3\%$ per year. The stock is currently selling for $$35$ per share. The flotation cost for the shares of the company's common stock is $$3.$ What should the component cost be for using retained earnings in the company's WACC?

$15\mathrm{.}88$

$14\mathrm{.}77\%$

$14\mathrm{.}43\%$

$15\mathrm{.}5\%$