Oriole Hand Trucks has a preferred share issue outstanding that pays a dividend of $$1\mathrm{.}30$ per yearThe current cost of preferred equity for Oriole is $8\mathrm{.}70$ percentIf Oriole issues additional preferred shares that pay exactly the same dividend and the investment banker retains $6\mathrm{.}20$ percent of the sale price. What is the price of preferred shares before the new issues?