If ABC Industries expects next year's annual dividend to be $2.00 and It expects dividends to grow at a constant rate of 4%. The current common stock price is $20.50  If it  needs to issue new common stock,the firm  will encounter a 5.2% flotation cost, Assume that the cost of equity calculated  Without the flotation adjustment is 13% and the cost of old common equity Is 11.6%. What is the flotation cost adjustment that must be added to Its cost of retained earnings?  

__________%

What Is the cost of new common equity considering the estimate made from the three estimation methodologies?

__________%