annuiv coupons and that the fimt wit afways be able to utilee its fut intorost tax shicld Larels eflective aher tax cost of debt in 16. (Round to two decimal places) Dewyco has preferred stock trading at $49.39 per share. The noxt preferred dividend of $5.60 is due in one year. What is Dewyco's cost of capital for preferred stock? Dewyco's cost of capital for preferred stock is 1. (Round to two decimal places.)