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What is the Cost of Preferred Stock for Foggy Futures Weather Forecasters? The firm is in the 4 0 % tax bracket. The optimal capital

What is the Cost of Preferred Stock for Foggy Futures Weather Forecasters? The firm is in the 40% tax bracket. The optimal capital structure is listed below:
The firm can sell preferred stock with a dividend that is 9% of the current price of $115. The cost of issuing and selling the stock is expected to be $10 per share.
(NB: Use the intrinsic (internal) values (rates, cost) of each component in the capital structure.)

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