all parts please!

Robbins Petroleum Company is four years in arrears on cumulative preferred stock dividends. There are 690,000 preferred shares outstanding, and the annual dividend is $6.50 per share. The Vice President of Finance sees no real hope of paying the dividends in arrears. She is devising a plan to compensate the preferred stockholders for 80 percent of the dividends in arrears. a. How much should the compensation be? Note: Do not round intermediate calculations. Input your answer in dollars, not millions (e.9.$1,234,000). b. Robbins will compensate the preferred stockholders in the form of bonds paying 12 percent interest in a market environment in which the going rate of interest is 8 percent for similar bonds. The bonds will have a 15 -year maturity. Using the bond valuation Iable 16 -2, indicate the market value of a $1,000 par value bond. Note: Round your answer to two decimal places. c. Based on market value, how many bonds must be issued to provide the compensation determined in part a? Note: Do not round intermediate calculations and round your answer to the nearest whole number. Table 16-2 Interest rates and bond prices (face value is $1,000 and annual coupon rate is 12% )