Current Attempt in Progress Sunland Inc. was a small company started by four entrepreneurs a few years ago. They each initially invested $240,000 and sold $1.7 million in preferred shares to a wealthy private investor. The company did not earn much profit from its operations but was able to pay the promised annual dividend of $145,000 on the preferred shares. The company did successfully develop several patents, some of which it sold and some it still holds. The four founding shareholders are planning to sell the remaining patents and all other assets and wind up the company to allow them to move on to other ventures. A summary of the company's statement of financial position is as follows: SUNLAND INC. Statement of Financial Position as at April 30, 2024 Total assets $2,964,600 Total liabilities 80,000 Preferred shares 1,700,000 Common shares 960,000 Retained earnings 224,600 Total liabilities and equity $2,964,600 (c) If Sunland never paid dividends to the common shareholders, what would be the total rate of return the common shareholders earned on their venture if Sunland is able to sell its assets for $2,964,600? ii. $5,866,600? iii. $2,641,600? (Round answers to 1 decimal place, e.g. 10.7%. Enter negative answers using either a negative sign preceding the number, e.g. -10.7% or parentheses, e.g. (10.7%).) Total rate of return on investment Textbook and Media (i) % (ii) % (iii) Your answer is correct. How much will each group of shareholders receive on the windup if Sunland is able to sell its assets for: i. $2,964,600? ii. $5,866,600? iii. $2,641,600? sets sold for erred shareholders' entitlement (i) $2,964,600 SA $ 1,700,000 $ (ii) $5,866,600 1,700,000 (!!!) $2,641,600 $ SA 1,700,000 mon shareholders' entitlement $ 1,184,600 $ 4,086,600 $ 861,600 eTextbook and Media