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2. Lei-Feng, Inc.'s $100 par value preferred stock just paid its $10 per share annual divide The preferred stock has a current market price of

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2. Lei-Feng, Inc.'s $100 par value preferred stock just paid its $10 per share annual divide The preferred stock has a current market price of $96 a share. The firm's marginal tax ra (combined federal and state) is 40 percent, and the firm plans to maintain its current cap structure relationship into the future. What would be the component cost of preferred s Lei-Feng, Inc.? (2.5points)

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