Kuhns Corp. has 230,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $7.30 per share and has not been paid for 3 years. If Kuhns earned $1.50 million this year, what could be the maximum payment to the preferred stockholders on a per share basis? (Round your answer to 2 decimal places.) Multiple Choice $6.52 per share $8.77 per share $8.02 per share $5.42 per share Kuhns Corp. has 230,000 shares of preferred stock outstanding that is cumulative and 100,000 common stock outstanding. The preferred dividend is $7.30 per share and has not been paid for 3 years. If Kuhns earned $1.50 million this year, what could be the maximum payment to the preferred stockholders on a per share basis? (Round your answer to 2 decimal places.) Multiple Choice $6.52 per share $8.77 per share $8.02 per share $5.42 per share