Transcribed image text: A Moving to another question will save this response. Question 8 You are given the following data for ABC Company The selling share price of perpetual preferred stock $95.00 Average Annual dividends $8.10 For selling a new preferred stock, the company will incur Flotation cost based on the price paid by investors 4.00% The company's cost of preferred stock used in calculating weighted average cost of capital is O a. Less than 9% b. Between 9.00% and 9.10% c. Between 10.00% and 10.10% d. More than 11% Moving to another question will save this response