bosio inc.'s perpetual preferred stock sells for $120.00 per share, and it pays an $8.50 annual dividend. if the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. what is the company's cost of preferred stock for use in calculating the wacc? group of answer choices 5.83% 7.53% 7.97% 7.38% 8.34%