Question 21 Not yet answered Points out of 1.00 Remove flag CSUSM has 6 percent preferred stock outstanding that is currently selling for $51 a share. The market rate of return is 14 percent and the firm's tax rate is 21 percent. What is the firm's cost of preferred stock? Select one: a. 13.29 percent b. 11.29 percent 0 0 0 0 c. 11.76 percent d. 12.67 percent e. 13.54 percent