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West Street Automotive is considering adding state safety inspections to its service offerings. The equipment necessary to perform these inspections will cost $579,000 and will generate cash flows of $203,000 over each of the next five years, If the cost of capital is 15 percent, what is the MIRR on this project? (Round final answer to 1 decimal place, eg. 527.5.) MIRR 26 Sheridan Hand Trucks has a preferred share issue outstanding that pays a dividend of $1.30 per year. The current cost of preferred equity for Sheridan is 11.00 percent. Sheridan issues additional preferred shares that pay exactly the same dividend and the Investment banker retains 5.60 percent of the sale price. (a1) Your answer is correct. What is the current price of preferred shares? (Round intermediate calculations to 4 decimal places, eg. 1.2514 and final answer to 2 decimal places, es 15.25%) Current price of preferred shares $ 11.82 eTextbook and Media Attempts: 2 of 3 used Using multiple attempts will impact your score. 50% score reduction after attempt 2 (22) What is the cost of the new preferred shares for Sheridan? (Round intermediate calculations to decimal places, eg, 1.2514 and final answer to 2 decimal places, eg, 15.25%) Cost of new preferred shares for Sheridan