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please and thank you A company's perpetual preferred stock currently sells for $105.00 per share, and it pays an $8.00 annual dividend. If the company

please and thank you

A company's perpetual preferred stock currently sells for $105.00 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 4.00% of the issue price. What is the firm's cost of preferred stock? 7.94% 8.06% 6.85% 8.38% 7.60%

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