Use the information in above two questions as well as the following information. In addition to common stock, Quarri has 500,000 preferred shares outstanding that pay an annual dividend of $2 per share and are currently trading for $20.00 a share. The company's outstanding bonds have a market value of $200,000,000. There are 2 million shares of common stock outstanding with a current market price of $98.00 per share. What is the cost of preferred equity? 0.1 0.2 0.3 0.4