This Question: 1 pt 3 of 21 (0 complete) This Test: 21 pts possible (Cost of internal equily) Pathos Co.'s common stock is currently selling for $25.23. Dividends paid last year were $1.30. Flotation costs on issuing stock will be 9 percent of market price. The dividends and earnings per share are projected to have an annual growth rate of 9 percent. What is the cost of internal common equity for Pathos? The cost of internal common equity for Pathos is % (Round to two decimal places