Use the following data for the next 5 questions: maturity, selling at $1,050 per bond. Common 570,000 shares of common stock Stock outstanding. The stock sells for a price of $67 per share and has a beta of 0.52. Preferred 240,000 preferred shares outstanding, Stock currently trading at $88.44 per share; with an annual dividend payment of $9.19, Market The market risk premium is 23% and the risk free rate is 6% Tax Rate 29% What is the cost of common stock (RE) ? (Answer as a percentage and round to 2 decimals) a. 19.00% b. 17.96% c. 21.30% d. 15.66% e. 16.71%