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"Compute the payback period for a project with the following cash flows received uniformly within each year:,initial outlay=$100,Cash flows: Year 1=$40,Year 2=$50,Year 3=$60,,a. 2.17 years,b. 3 years,c. 4 years,d. 3.17 years,,A company has preferred stock that can be sold for $28 per share. the preferred stock pays an annual dividend of 5% based on a par value of $100. Flotation costs associated with the sale of preferred stock equal $1.50 per share. The company’s marginal tax rate is 35%. Therefore, the cost of preferred stock is:,a. 18.87%,b. 17.86%,c. 11.61%,d. 12.26%