To help them estimate the company's cost of capital, Smithco has hired you as a consultant. You have been provided with the following data about the company's stock: D$1=$$$1\mathrm{.}45$;$PO=$$$25$; and $g=6\mathrm{.}50\%($constant$).$ What is the cost of common from issuing new stock, assuming the flotation cost is $10\%$ of the stock price?

$13\mathrm{.}59\%$

$11\mathrm{.}10\%$

$12\mathrm{.}94\%$

$11\mathrm{.}68\%$

$12\mathrm{.}30\%$