(0) Assume that dividend yields have dropped to 8 percent. How many years will it take for the company to recoup the initial refinancing costs? (2 marks) (d) Assume that the company chooses to call the 10% issue and refinance (with new shares) at 8%. What is the maximum number of new preferred shares (each new share has a $100 par value) the firm can issue without increasing total annual dividend payments from their current level (at 10%)? (2 marks)