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D Question 8 3.34 pts A company's perpetual preferred stock currently sells for $82.50 per share, and it pays an $8.00 annual dividend. If

D Question 8 3.34 pts A company's perpetual preferred stock currently sells for $82.50 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price. What is the firm's cost of preferred stock? O 11.33% 10.21% 9.29% 09.08% 8.06%

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