Weaver Chocolate Co. expects to earn $5.00 per share during the current year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sells for $65.00 per share. New stock can be sold to the public at the current price, but a flotation cost of 5% would be incurred. What would be the cost of equity from new common stock? Do not round your intermediate calculations. a. 14.10% b. 11.58% c. 11.26% d. 11.00% e. 10.76%