4 Schuss Inc. can sell preferred shares for $86 with an estimated flotation cost of $2.00. The preferred stock is anticipated to pay $6 per share in dividends. a. Compute the cost of preferred stock for Schuss Inc. (Round the final answer to 2 decimal places.) Cost of preferred stock % 4 points b. Do we need to make a tax adjustment for the issuing firm? 00:34:15 Yes