A firm is paying an annual dividend of $$3\mathrm{.}00$ for its preferred stock which is selling for $$66\mathrm{.}00.$ There is a selling cost of $$3\mathrm{.}00.$ What is the after$-$tax cost of preferred stock if the firm's tax rate is $38\%?$

Note: Round your answer to $2$ decimal places.

Multiple Choice

$6\mathrm{.}91\%$

$4\mathrm{.}76\%$

$6\mathrm{.}21\%$

$3\mathrm{.}41\%$