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Schuss inc. can sell preferred shares for $74 with an estimated flotation cost of $4.00. The preferred stock is anticipated to pay $10 pershare in

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Schuss inc. can sell preferred shares for $74 with an estimated flotation cost of $4.00. The preferred stock is anticipated to pay $10 pershare in dividends. a. Compute the cost of preferred stock for Schuss inc. (Round the final answer to 2 decimal ploces.) Cost of preferred stock \% b. Do we need to make a tax actustment for the issuing firm? Yes No

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