Using the data for a firm shown in the following table, calculate the cost of retained earnings and the cost of new common stock using the constant-growth valuation model.(Click on the icon here

in order to copy the contents of the data table below into a spreadsheet.)

Current market price per share	Dividend growth rate	Projected dividend per share next year	Underpricing per share	Flotation cost per share
$43.00	8%	$2.15	$2.50	$2.25