Valley, Inc. has 14,000 shares of preferred stock outstanding. The preferred stock has a $200.00 par value, a 5% dividend rate, and is noncumulative. If Valley has sufficient funds to pay dividends, what is the total amount of dividends that will be paid out to preferred stockholders? w A. $560,000 B. $28.000 OC. $140,000 D. $200,000