Question 14 5 pts Assume that a firm can issue preferred stock that has a $70 par value and pays a 15.0% annual dividend each year. The firm's investment bankers believe that investo will be willing to pay $84.00 per share and that flotation costs will be equal to $11.4 per share. Given this information, determine the difference between the investor' equired rate of return, and the firm's cost of preferred stock. 2.224% 2.541% Question 14 5 pts Assume that a firm can issue preferred stock that has a $70 par value and pays a 15.0% annual dividend each year. The firm's investment bankers believe that investo will be willing to pay $84.00 per share and that flotation costs will be equal to $11.4 per share. Given this information, determine the difference between the investor' equired rate of return, and the firm's cost of preferred stock. 2.224% 2.541%