a) Write down the equation for calculating the cost of preferred stock (shares) (2 Marks) b) Given that your agribusiness has issued a 10% preferred stock with par value of K500. If the current market price is K490 per share, calculate the cost of preferred stock when flotation costs are 6%. (5 Marks) c) Given that the expected rate of return on the market (RM) is 11% and the riskless rate (RL) is 3.5%, you are required to calculate the expected rate of return for Mushiya Company if beta of its stock is 1.5. (4 Marks)