1 pts Question 4 Bosio Inc.'s perpetual preferred stock sells for $70.00 per share, and it pays an $8.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the WACC? O 10.50% 12.65% O 13.79% 11.89% 10.37%