Bostwick Company's perpetual preferred stock sells for $85 per share, and it pays an $8.40 annual dividend. If the company were to sell a new preferred issue, it would incur a function cost of 4% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the weighted average cost of capital (WACC)? Your answer should be between 7.20 and 11.52, rounded to 2 decimal places, with no special characters. __________ Kaiser Aluminum has a beta of 0.70, if the risk free rate (R) is 5.0% and the market risk premium (RP_M) is 7.3%, what is the firm's cost of equity from retained earnings based on the CAPM? Your answer should be between 8.70 and 11.25, rounded to 2 decimal places, with no special characters. ____________ Corporation has an expected dividend (D_1) of $1.60, a current stock price (P_o) of $40, and a constant growth rate of 7.5%. If new common stock is issued, the company will incur flotation costs of 6%. What is the company's cost of retained earnings? Your answer should be between 9.28 and 12.82, rounded to 2 decimal places, will no special characters. ___________