Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six$-$year period: $20Y1,$$$24,000$;$20Y2,$$$48,000$;$20Y3,$$$114,000$;$20Y4,$$$138,000$;$20Y5,$$$168,000$; and $20Y6,$$$210,000.$ During the entire period ended December $31$ of each year, the outstanding stock of the company was composed of $30,000$ shares of cumulative, preferred $2\%$ stock, $$100$ par, and $100,000$ shares of common stock, $$25$ par.

Required:

Determine the total dividends and the per$-$share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of $20$Y$1.$ Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, please enter $"0".$

$\backslash$table$[[,,$Preferred Dividends,Common Dividends,,$],[$Year$,\backslash$table$[[$Total$],[$Dividends$]],$Total,Per Share,Total,Per Share$],[20Y1,$$$24,000,$$$,,,],[20Y2,48,000,,,,],[20Y3,114,000,,,,],[20Y4,138,000,,,,],[20Y5,168,000,,,,],[20Y6,210,000,,,,]]$

Determine the average annual dividend per share for each class of stock for the six$-$year period. If required, round your answers to two decimal places.

Average annual dividend for preferred

$9$ per share

Average annual dividend for common

$$ per share

$3.$ Acsuminn a market nrice ner chare of $$178$ for the nreferred ctnck and $$31$ for the common atork. determine the averane annulal nercentane return nn initial

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