Based on picture whats the annual required return on the common stock? What is the annual required return on the preffered, taking floation costs into account?

- = You know the following about Company J's equity and the stock market (on an annual basis): Ry = 8.37% RE = 1.37% 02. = .0196 0M = .00392 Company J recently issued preferred for $1,400.00 net of floatation costs. The preferred pays a quarterly dividend of $5.88. Please round to four places in your calculations. M