Benjamin Co. has perpetual preferred stock that sells for $78.60 per share and has a $6.00 annual dividend. If the company were to issue new preferred shares, and the flotation costs were 3% of the price paid by investors, what would be the company's cost of preferred stock used in calculating the company's WACC? O A. 9.08% OB. 7.63% OC. 8.32% O D.7.87%