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5 pts Bostwick Company's perpetual $8.30 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation 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)? preferred stock sells for $85 per share, and it pays an Your answer should be between 7.20 and 11.52, rounded to 2 decimal places, with no special characters D | Question 2 5 pts Kaiser Aluminum has a beta of 0.70. If the risk-free rate (Re) is 5.0%, and the market risk premium (RPM) is 7.8%, 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