Villalpando Winery wants to raise $30 million from the sale of preferred stock. If the winery wants to sell one million shares of preferred stock, what annual dividend will it have to promise if investors demand a return of a. 12%? b. 14% c. 9%? d. 7%? e. 5%? f. 4%? a. What annual dividend will it have to promise if investors demand a return of 12%? (Round to the nearest cent)