1 points Save Answ "The corporate tax rate is at 40%. The information on debt, preferred stock and common stock for AbbyToy Ltd. are as follows. Debt: The company can issue bonds at a yield to maturity of 5%. Preferred Stock: The company can sell 5.6% preferred stock at its 5100 per share par-value. Flotation costs are 54 per share. Common Stock: Price per share is currently 565. Dividends are projected at 53 per share next year with a dividend growth rate of 296. Calculate the cost of common stock. 0 6.6296 6.7196 4.7196 5.6096