Bank of America offers preferred shares at a par value (selling price) of $105 that pays a dividend of $8.49. If the flotation costs are 3.22%, what is the cost to Bank of America that the preferred shareholders require as their return? Do not round any intermediate calculations. Report it as a whole number and round your answer to two decimal points. For example, if your answer is 17.857321%, you would type in 17.86 as your