Question: help me with BOTH those questions please 9. Warephase Corporation has preferred stock outstanding. The stock has a 13% dividend rate. The stock's market price

help me with BOTH those questions please help me with BOTH those questions please 9. Warephase Corporation has preferred

9. Warephase Corporation has preferred stock outstanding. The stock has a 13% dividend rate. The stock's market price is $80 per share, and its par value is $75. If new shares are issued, the firm will pay $2 per share in flotation costs. The corporate tax rate is 21%, what is the company's cost of preferred stock financing? a) 11.54% c) 9.12% e) 12.00% b) 12.5% d) 9.74% 10. Bioplex Corporation has a capital structure of 20% debt, 10% preferred stock, and 70% equity. The firm's cost of equity is 12%, cost of preferred is 996, and the pre-tax cost of debt is 6%, if the corporate tax rate is 21%, what is the firm's cost of capital? a)9.55% c)9.80% e)8.67% b) 10.25% d) 9.97%

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