The cost of capital of a company that uses 45 percent debt that has an after-tax cost of debt of 10 percent and 55 percent equity that has a cost of 15 percent is: 12.25% 12.75% 12.5% 13% A utility company pays an annual dividend of $20 (paid quarterly), a stated or par value of $200, and has a maturity of 10 years because of a sinking fund requirement. Similarly risky securities have market yields of 8%, at what price will this preferred stock sell? $245.54 $251.57 $252.63 $227.36