Worldwide Shipping, Inc. is a public company with 45,000,000 shares of common stock outstanding at a current price of $41.28 per share. The per-share dividend is currently $3.00 and is expected to grow at a rate of 2.75% for the foreseeable future. The company also 1,000,000 shares of 6.50% cumulative preferred stock, par value $120 per share, outstanding with a current price of $102.70. Additionally, the company has $25,000,000 par value in 5.60% bonds outstanding currently quoting at 103.80 (on the hundred) that are due in 2041. The current marginal tax rate the company faces is 21%. Question at position 1 1 3 points Question at position 1