Villalpando Winery wants to raise $50 million from the sale of preferred stock. If the winery wants to sell one milion shares of preferred stock, wha annual dridend will it have to promise if investors demand a return of a. 12% ? b. 14% ? c. 8% ? d. 7% ? e. 6% ? t. 3% ? a. What annual dividend will it have to promise if investors demand a retum of 12% ? (Round to the nearest cent)