Blackpink Co. has 5% preferred stock with apar value of P 100. Selling price is P 123.50per share and flotation costs are P 0.50 pershare. If tax rate is 20%, then what is the costof preferred...

Blackpink Co. has 5% preferred stock with a par value of P 100. Selling price is P 123.50 per share and flotation costs are P 0.50 per share. If tax rate is 20%, then what is the cost of preferred stock? ( Express you answer in percentage) * need it asap huhu