You have finally saved $$10,000$ and are ready to make your first investment. You have the following three alternatives for investing that money: Capital Cities ABC, Inc., bonds, which have a par value of $$1,000$ and a coupon interest rate of $8\mathrm{.}75$ percent, are selling for $$1,314$ and mature in $12$ years. Southwest Bancorp preferred stock is paying a dividend of $$2\mathrm{.}50$ and selling for $$25\mathrm{.}50.$ Emerson Electric common stock is selling for $$36\mathrm{.}75.$ The stock recently paid a $$1\mathrm{.}32$ dividend, and the firms earnings per share have increased from $$1\mathrm{.}49$ to $$3\mathrm{.}06$ in the past five years. The firm expects to grow at the same rate for the foreseeable future. Your required rates of return for these investments are $6$ percent for the bond, $7$ percent for the preferred stock, and $15$ percent for the common stock. Using this information, answer the following questions.a$.$Calculate the value of each investment based on your required rate of return.b$.$Which investment would you select? Why?c$.$Assume Emerson Electrics managers expect an earnings downturn and a resulting decrease in growth of $3$ percent. How does this affect your answers to parts a and b$?$d$.$What required rates of return would make you indifferent to all three options?