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1.00 9 10 P Flag question Source of Capital Long-term debt Preferred stock Common stock equity Target Market Proportions 20% 10 70 Finish att Time left Debt: The firm can sell a 12-year, 1,000 par value, 7 percent bond for $960. A flotation cost of 2 percent of the face value would be required in addition to the discount of $40. Preferred Stock: The firm has determined it can issue preferred stock at $75 per share par value. The stock will pay a $10 annual dividend. The cost of issuing and selling the stock is $3 per share. Common Stock: A firm's common stock is currently selling for $18 per share. The dividend expected to be paid at the end of the coming year is $2. Its dividend payments have been growing at a constant rate for the last four years. Five years ago, the dividend was $1.50. It is expected that to sell, a new common stock issue must be underpriced $2 per share in floatation costs. Additionally, the firm's marginal tax rate is 40 percent. what is the cost of c. Select one: O a. 18.5% O b.7% O c. 13.4% Type here to search o w