stock) In the spring of 2017 the Mamon Metal Shaping Company was planning on issuing preferred stock to help finance a major plant expansion Your fem is planning to issue preteed stocik e stock is expected to sell for $97.28 a share and will have a $100 par value on which the fiem will pay a 9 4 percent dividend What is the cost of captal to the frm for the prefemed stock? The frmis cost of capital for the preferred stock s% (ard to tagdeomal places ) (Cost of common equity) The common stock for the Bestsold Corporation sells for $57 45 a share. Last Year the hrm paid a $4 07 dividend, which is expected to continue to grow 4 7 percent per year into the ndefirvte fusure If Bestsolds tax rate is 34 percent, what is the firms cost of common equity? The firm's cost of common equty captal is [ % (Rond to two decimal places)