Target% in Capital Structure Debt 35% Preferred Stock 10% Equity 55% Tax Rate = 28% Outstanding Bond Preferred Stock Info Common Stock Info (Annual Coupons) Preferred Divided $3 Current Dividend $5 Time to Maturity (years) 15 Current Market Price $60 Current Price $50 Coupon Rate APR 5.00% Expected Growth in Dividends 2.31% Face Value $1,000 Current Market Price $1,240 Using the information in the table, what is the firm's cost of common stock? State your answer as a percentage to two decimal place (e.g., 5.30) Target% in Capital Structure Debt 40% Preferred Stock 10% Equity 50% Tax Rate = 21% Outstanding Bond Preferred Stock Info Common Stock Info (Annual Coupons) Preferred Divided $4 Current Dividend $3.00 Current Time to 15 Maturity (years) $57 Current Price $50.00 Market Price Coupon Rate APR 5.00% Preferred Yield Expected Growth in Dividends 2.16% Face Value $1,000 Current Market $1,240 Price Using the information in the table, what is the firm's cost of preferred stock? State your answer as a percentage to two decimal places (e.g., 5.30)