Please help me write the calculation process and results, thank you!

Problem Solving (10 marks): XYZ Corp is planning to offer a special series of preferred shares. XYZ will set the current yield on these preferred shares so that they equal the return on its common shares. The risk-free rate in this economy is 4%,XYZ 's Beta is 1.2 and the market risk premium is 2%. Also, the par value of the preferred stock is $2. What current yield must XYZ offer? Hint: the dividend yield will not be a number/constant