Finnish technology giant Kolm Ymeyvi wants to know their cost of capital. The preferred stock price is $82 per share, with a par value of $85 and the dividend paid is 7.8% per annum. To place these shares, there is a 1.4% cost per share to be covered. The marginal tax applied to the company is 34% Calculate the company's cost of preferred stock. You can use the formula sheets formulario final 2.docx