You have been asked to estimate the Weighted Average Cost of Capital for Surtsey Corp. The firm's capital structure consists of debt, preferred stock and common stock. Questions 8-13 all pertain to the characteristics of the firm's capital structure components. You will be asked to compute the firm's WACC in Question #14. Surtsey Corp. has 275,000 shares of 4.7% preferred stock outstanding, with a par value of $50 per share. Dividends are paid annually and the preferred stock is currently selling for $41.50 per share. What is your best estimate for the cost of the firm's preferred stock? Multiple Choice 0 7.34% 0 6.49% 0 10.07% 0 11.33% 0 5.66%