Helpp pleaseee

Valley, Inc. has 8,000 shares of preferred stock outstanding. The preferred stock has a $150 par value, a 15% dividend rate, and is noncumulative. If Valley has sufficient funds to pay dividends, what is the total amount of dividends that will be paid out to preferred stockholders? A. $180,000 B. $80,000 C. $50,000 D. $12,000