A corporation has $5,000,000 of 8 percent preferred stock outstanding and a 21 percent tax rate. The
Fantastic news! We've Found the answer you've been seeking!
Question:
A corporation has $5,000,000 of 8 percent preferred stock outstanding and a 21 percent tax rate. The after-tax cost of the preferred stock is ________.
Question content area bottom
Part 1
A.
$1,904,762
B.
$400,000
C.
$666,667
D.
$506,329
Posted Date: