General Electric (GE) can borrow funds at an interest rate of 9.5% for a period of eight years. Its marginal federal-plus-state tax rate is 40%. What is General Electric's after-tax cost of debt? Round answer to two decimals. Question #1 (%) Netflix Inc. (NFLX) has preferred stock that pays a dividend of $10.00 per share and sells for $175 per share. It is considering issuing new shares of preferred stock. These new shares incur an underwriting (or flotation) cost of 1.65%. 2. How much will Netflix Inc. pay to the underwriter on a per-share basis? 3. After it pays its underwriter, how much will Netflix Inc. receive from each share of preferred stock that it issues? 4. Based on this information, what is Netflix Inc.'s cost of preferred stock? Round answer to two decimals