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19. Wisteria Inc.'s preferred stock sells for $85.00 per share, and it pays an $8.50 annual dividend. If the company were to sell new preferred

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19. Wisteria Inc.'s preferred stock sells for $85.00 per share, and it pays an $8.50 annual dividend. If the company were to sell new preferred stock, it would incura flotation cost of 4.00% of the price paid by investors. What is Wisteria's cost of preferred stock for use in calculating the WACC? O a. 8.75% O b. 12.81% O c. 11.35% O d. 8.44% O e. 10.42%

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