Walpando Winery wants to rase $40 milion from the sale of preferred stock. If the whory wants to sell one milion shates of preferred stock, what annual dividend wit it have to promise if investor demand a return of a. 12% ? b. 16% ? c. 8% ? d. 10 ? e. 5% ? f. 3y ? a. What arthual dividend will it have to promise if investers demand a retum of 12% ? i. (Round to the nearest cern.)