Schuss Inc. can sell preferred shares for $64 with an estimated flotation cost of $3.00. The preferred stock is anticipated to pay $5 per share in dividends.   a. Compute the cost of preferred stock for Schuss Inc. (Round the final answer to 2 decimal places.)   Cost of preferred stock %   b. Do we need to make a tax adjustment for the issuing firm?   multiple choice     Yes   No

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