QUESTION 22 MacElroy Trucks recently purchased a new rig costing $130,000. They financed this purchase at 12 percent interest with monthly payments of $3,423.40. Approximately how many months will it take the firm to pay off this debt? (Regular Annuity Problem) O a 48 months b 56 months OC. 60 months O d. 66 months QUESTION 23 A preferred stock (perpetuity) pays an annual dividend of $10. If you want to earn 8 percent on this investment, what is the maximum amount you should pay to purchase one share of this stock today? a $63 Ob. $77 OC. $87 Od. $125