Jiffy wax Corp. can sell common stock for $15 per share andits investore require a 14% return. However, theadministrative of flotation costs associated with selling the stockamount to $2.40 per share What is the cost of capital for jiffy waxif the corporation raises money by selling preferred stock? Jiffy wax Corp. can sell common stock for $15 per share andits investore require a 14% return. However, theadministrative of flotation costs associated with selling the stockamount to $2.40 per share What is the cost of capital for jiffy waxif the corporation raises money by selling preferred stock?