The preferred stock of Texas Southern Power Company sells for $34.75 and 1 point pays $7 in dividends. What is the cost of capital for the preferred stock? Enter your answer as a % rounded to 2 decimal places. For example, if your answer is .74789, enter it as 74.79% Your answer 1 point You own a coffee business and are deciding whether to purchase a better cappuccino machine. The cappuccino machine costs $48,000 and you expect to sell an additional 11,216 cups annually for 6 years for an after-tax inflow of $0.76 per cup. At the end of 6 years, you plan to sell the cappuccino machine on ebay for $1,475. The project's required return is equal to 10 percent. What is the project's Pl? Enter your answer as a decimal rounded to 2 places Your answer 1 point The risk-free rate of return is 3% and the expected return on the market portfolio is 14%. Oklahoma Oilco has a beta of 2.0, a standard deviation of 26% and a marginal tax rate of 35%. Analysts expect Oilco to grow by 12% annually. What's its required return? Enter your answer as a % and round to 2 decimal places. For example, if your answer is .03478, enter your answer as 3.49%