Your corporation has a marginal tax rate of 35% and has purchased preferred stock in another company. The before-tax dividend yield on the preferred stock is 8.75%. What is the company's after-tax return on the preferred, assuming a 70% dividend exclusion? (Round your final answer to two decimal places.) O a. 7.83% O b.7.20% O c. 5.95% O d. 9.63% O e. 9.55%