QUESTION 6 JJ firm issues preferred dividends at an annual rate of $2.91. Its current preferred stock price is $20.73. Assume that the equity beta for JJ is 1.46. The Yield on 10-year treasuries is 3.85%, and that the market risk premium for the year is 7%. The company's EPS expected growth is 3%. For this year, the dividends for JJ firm are the same for common and preferred stock; additionally the price for common stock is $33. What is the common cost of equity for JJ Firm using the CAPM method? NOTE: Answer in percentages. That is, if your answer is 90% or 0.90, you should answer 90.00, not 0.90