20) Recently, Klass Joinery Limited issued preference shares for $10.00 per share, but the current market price of the preference shares is now $6.72. If the preference shares are paying $1.4 in dividends per year, what is the required return for Klass Joinery Limited's preference shares? (The allowed rounding error for this question is within 0.1%. Please type your answer in decimals. For example 9.8% should be shown as 0.098)