Hoolahan Corporation's common stock has a beta of 1.96. Assume the risk free rate is 7:16 percent and the expected return on the market is 13.41 percem. What is the company's cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, eg: 32.16, exclude the percentage ston) 1 pts Question 3 Sixth Fourth Bank has an issue of preferred stock with a $701 stated dividend that just sold for $44 per share. What is the bank's cost of preferred stock? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, ex. 32.16, exclude the percentage sign%)