1.) Calculate the required level of fixed assets for GamePro Inc., given that the target fixed assets to sales ratio equals to 41% and sales are projected to be $261.

2.) Suica Tech intends to issue preferred shares with a $60.09 par value and a 3% dividend. On the market, a comparable stock is going for $74.81. Suica is required to pay 5% of the issue price in flotation costs. What is the cost of the preferred stock (in percent)?