Villalpando Winery wants to raise $50 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. 11%? b. 16%? c. 8%? d. 10%? e. 6%? f. 4%? a. What annual dividend will it have to promise if investors demand a return of 11%? $ (Round to the nearest cent.) i Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Dividend Payment per Year Firm Loewen Morse Huddleston Meyer 2006 $1.04 $1.12 $1.50 $2.00 2007 $1.05 $1.00 $2.25 $2.20 2008 $1.10 $0.90 $3.70 2009 $1.22 $1.30 $3.75 $2.73 2010 $1.27 $1.25 $4.00 $2.85 2011 $1.35 $1.45 $5.00 $2.96 $2.00 Print Done