Question 14 1 1 p Assimo Inc. will issue preferred stock to finance a new line of business. The firm's existing preferred stock pays a dividend of 54.00 per share and is selling for 540 per share. Investment bankers have advised Assimo that flotation costs on the new preferred issue would be 5% of the selling price. The company's marginal tax rate is 30%. What is the relevant cost of new preferred stock? 7.00 10.00% 10.539 15.00