2)A company's perpetual preferred stock currently sells for $37.11 per share, and it pays an annual dividend of $5.11 per share.What is the firm's cost of preferred stock?Input your answer as a decimal rounded to four places.

3)Assume that you are a consultant to Broske Inc., and you have been provided with the following data: D1= $2.38; P0= $50.61; and g = 3.1% (constant). What is the cost of common from retained earnings based on the dividend growth model approach?Input your answer as a decimal rounded to four places.