Schuss inc cansell preferred shares for $74 with an estimated flotation cost of $400. The preferred stock is anticipated to pay $10 per share in dividends. Q. Compute the cost of preferred stock for Schuss inc. (Round the final onswer to 2 decimel places.) Cost of pieferted stock 0 \% b. Do we need to make a tax adjustment for the issuing firm? Yes No 0