Question 3 10 points Save Answer Livif Inc. is currently paying dividends of 8% per year on $113 par value preferred stock. The current price of Livif common stock is $138.7 per share. Flotation costs are 11% of the market price when Livif issues new preferred stock. What is Livif's cost of new preferred stock? Submit your answer as a percentage and round to two decimal places (Ex: 0.00%) Question 4 10 points Save Answer A company has common stock that can be sold for $30.72 per share. The stock paid a dividend at the end of last year of $2.41. Dividends are expected to grow at an annual rate of 7% indefinitely. Flotation costs associated with the sale of stock equal $5.02 per share. What is the corporation's cost of external equity? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%) L. A Moving to another question will save this response. >>