Turkey Trot Inc. is considering offering new preferred stock with a par value 'of $100. The shares will pay an 8% dividend and will be offered at $117 per share. If the flotation costs charged by the investment bank are 3%, what is the net price of each share to TT!? a) $97.00 Ob) $116.72 Oc) $113.49 d) $3.51 e) $99.76