Question 2 1 pts Sidman Products plans to issue preferred stock with a perpetual annual dividend of $13. Sidman can issue new preferred stock at a price of $87.50 per share, but flotation costs will be 5% of the market price. What is the cost of Sidman's preferred Stock? (Tip: you should use the net price for this calculation, just like you would do for common stocks with a floatation cost.) O 14.86% O 15.64% O 19.86% O 6.73% ho