"Compute the payback period for a project with the following cash flows received uniformly within each year: initial outlay=$100 Cash flows: Year...

"Compute the payback period for a project with the following cash flows received uniformly within each year:initial outlay=$100Cash flows: Year 1=$40Year 2=$50Year 3=$60a. 2.17 yearsb. 3 yearsc. 4 yearsd. 3.17 yearsA 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%