$(5$ points$)$ A $$60$ par value preferred stock has a stated dividend of $6\%,$ with a market

price of $$70.$ The company plans on raising cash in the market by selling more of the

same preferred stock and investment bankers charge the company $5\%$ fee for selling it$.$

The company's stated tax rate is $25\%.$

A$.$ Calculate the before tax cost of preferred stock to the company

B$.$ Calculate the cost of preferred stock to the company after taxes.