Enterprise Storage Company has $500,000$ shares of cumulative preferred stock outstanding, which has a stated dividend of $$4\mathrm{.}95.$ It is six years in arrears in its dividend payments. Use Appendix B$.$

a$.$ How much in total dollars is the company behind in its payments?

Dividend in arrears

$

b$.$ The firm proposes to offer new common shares to the preferred shareholders to wipe out the deficit. The common stock will pay the following dividends over the next four years:

$\backslash$table$[[,],[D_1,$$$1\mathrm{.}75$