1 The Jones Company has decided to undertake a large project. Consequently, there is a need for additional funds. The financial manager plans to issue preferred stock with a perpetual annual dividend of $7.6 per share and a par value of $37. If the required return on this stock is currently 4.3 percent, what should be the stock's market value? O $166.74 O $186.74 O $176.74 O $156.74 $196.74