Shiny Lipstick Co. is selling it's preferred shares for $50. Floatation costs are $4.00 per share and dividends are $6.00 per share. Shiny Lipstick Co.'s corporate tax rate is 22%. Question 13 (2 points) What is the cost of the preferred share issue for Shiny Lipstick Co.? 13.04% 14.89% 10.17% 17.02% What is after tax cost of the preferred share issue?. 13.04% 10.17% 14.89% 17.02%