Problem 17.17 (Algo) Aftertax comparison of preferred stock and other investm nts [LO17.5] Notiunal Health Corporation (NHC) has a cumulative preferred stock issue outstanding. which has a steted annual dividend of $7 per share. The company has been losing money and has not paid preferred dividends for the last five years. There are 340,000 shares of preferred stock outstanding and 640,000 shares of common stock a. How much is the company behind in preferred dividends? b. If NHC earns $13,000,000 in the coming year after taxes but before dividends, and this is all paid out to the preferred stockcholders, how much will the company be in arrears (behind in payments)? Keep in mind that the coming year would represent the sixth year. Problem 17.17 (Algo) Aftertax comparison of preferred stock and other investm nts [LO17.5] Notiunal Health Corporation (NHC) has a cumulative preferred stock issue outstanding. which has a steted annual dividend of $7 per share. The company has been losing money and has not paid preferred dividends for the last five years. There are 340,000 shares of preferred stock outstanding and 640,000 shares of common stock a. How much is the company behind in preferred dividends? b. If NHC earns $13,000,000 in the coming year after taxes but before dividends, and this is all paid out to the preferred stockcholders, how much will the company be in arrears (behind in payments)? Keep in mind that the coming year would represent the sixth year