MG $($Pty$)$ Ltd intends to raise additional financing by issuing $12\%$ preference shares with a par value of R$50$ and a dividend of R$6$ per share per year. If the company expects to realise R$48$ per share, what would the cost of preference share financing be$?$ Select one: $0\mathrm{.}125\%1\mathrm{.}25\%12\mathrm{.}5\%0\mathrm{.}0125\%125\%$