QUESTION 5 CC is in the process of determining the firm's WACC by collecting information from the table below Component Balance Sheet Value Number Outstanding Current Market Price Market Value Debt $150,000,000 150,000 $1,075 $161,250,000 Preferred Stock $ 45,000,000 1,500,000 $ 40 $ 60,000,000 Common Stock $180,000,000 4,500,000 $ 45.57 $ 205,065,000 What is the cost of equity? A. 7.1% B.4.56% C.6.98% D.8.87% E. 5.45% QUESTION 5 CC is in the process of determining the firm's WACC by collecting information from the table below Component Balance Sheet Value Number Outstanding Current Market Price Market Value Debt $150,000,000 150,000 $1,075 $161,250,000 Preferred Stock $ 45,000,000 1,500,000 $ 40 $ 60,000,000 Common Stock $180,000,000 4,500,000 $ 45.57 $ 205,065,000 What is the cost of equity? A. 7.1% B.4.56% C.6.98% D.8.87% E. 5.45%