The FIN$340$ Company preferred stock is current trading at $$11\mathrm{.}30$ and pays an annual dividend of $$0\mathrm{.}24$ and the company's tax rate is $21\mathrm{.}0\%$; What is the company's After$-$Tax Cost of Preferred Stock?

$1\mathrm{.}90\%$

$2\mathrm{.}57\%$

$2\mathrm{.}90\%$

$2\mathrm{.}40\%$

$2\mathrm{.}12\%$

$1\mathrm{.}68\%$

$2\mathrm{.}26\%$