Blossom Autos has preferred shares outstanding that pay annual dividends of $8 and the current price of the shares is $100. What is the after-tax cost of new preferred shares for Blossom if the flotation (issuance) costs for preferred shares are 5 percent? (Round final answer to 1 decimal place, eg. 15.2%.) After-tax cost of preferred shares 96 Carla Vista Co. has a capital structure, based on current market values, that consists of 25 percent debt 15 percent preferred stock. and 60 percent common stock. If the returns required by investors are 9 percent. 10 percent, and 15 percent for the debt, preferred stock, and common stock, respectively, what is Carla Vista's after-tax WACC? Assume that the firm's marginal tax rate is 40 percent (Round final answer to 2 decimal places, eg, 15.25%) After tax WACC 96 You know that the return of Sandhill Cyclicals common shares is 12 times as sensitive to macroeconomic information as the return of the market. If the risk-free rate of return is 5.00 percent and market risk premium is 571 percent, what is Sandhill Cyclicals' cost of common equity capital? (Round intermediate calculation to 5 decimal places, eg 1.25140 and final answer to 2 decimal places, e.g. 15.25%.) Cost of common equity capital %6