A firm hаs cоmmоn stоck with а mаrket price of $100 per share and an expected dividend of $5.61 per share at the end of the coming year. The dividends are expected to grow at a constant rate of 7% per year.A new issue of stock is expected to be sold for $97 after $2 per share underpricing and $1 per share flotation costs are deducted from the market price.The cost of this new issue of common stock is: The cost of this new issue of common stock is