my question is Q 8, valuing preffered stock, thank you so much !

PART 3 Valuation of Future Cash Flows 8. Valuing Preferred Stock [LO1] Moraine, Inc., has an issue of preferred stock out standing that pays a $3.50 dividend every year in perpetuity. If this issue currently sells for $85 per share, what is the required return? 9. Stock Valuation and Required Return [LO1] Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.25 next year. The growth rate in dividends for all three companies is 4 percent. The required return for each company's stock is 8 percent, 11 percent, and 14 percent, respectively. What is the stock price for each company? What do you conclude about the relationship between the required return and the stock price? 10. Voting Rights (LO3] After successfully completing your corporate finance class you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only person voting for you. If Schenkel has 550,000 shares outstanding, and the stock currently sells for $39. how much will it cost you to buy a seat if the company uses straight voting? Voting Rights [LO3] In the previous problem, assume that Schenkel uses cumula- tive voting, and there are four seats in the current election. How much will it cost you to buy a seat now? 12. Stock Valuation and PE (LO2] The Perfect Rose Co. has earnings of $2.35 per share. The benchmark PE for the company is 18. What stock price would you con- sider appropriate? What if the benchmark PE were 21? 13. Stock Valuation and PS (LO2] Twitter Me, Inc., is a new company and currently has negative earnings. The company's sales are $2.7 million and there are 130,000 shares outstanding. If the benchmark price-sales ratio is 4.3, what is your estimate of an appropriate stock price? What if the price-sales ratio were 3.62