Besides the current amount of equity (from the outstanding shares), BBLC decides to raise some new equity by issuing new shares. The firms is considering 2 plans: Plan A: BBLC sells 1 million shares of preferred stocks at $15/share, and promises to pay a dividend of $2 per share on these preferred stocks. The flotation cost to issue these preferred stocks is $3/share. What is the cost (%) of raising new equity from issuing these preferred stocks? V10 points) 15 16 What will be the new WACC of BBLC after Plan A? (20 points) (show your step calculations for partial credit if you have the wrong answer) What will be the new WACC of BBLC after Plan A? (20 points) (show your step calculations for partial credit if you have the wrong answer) (Ctrl) - 8 19 50