Cost of Preferred Stock Including Flotation Trivoli Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $115.00; but flotation costs will be 8% of the market price, so the net price will be $105.80 per share. What is the cost of the preferred stock, including flotation? Round your answer to two decimal places. Show how you would comput the problem in excel