Please answer all questions and show your work. Clearly, state your answer to each problem. Answers without explanation will not be given credit. 1. What right do stockholder have?why is preferred stock called prefered? 2. Lohn corporation is expected to pay the following dividends over the next four years: $13,59,86 and $2.75. Afterward the company pledges to maintain a constant S percent growth rate in dividend forever. If the required return on the stock is 12 percent, what is the current share price? 3. What is the net presnt value rule? What does the profitability index measure? 4. What is the payback period, the discounted payback, and the NPV at a required return of 11? I Year 0 1 2 3 4 Cash flow -$7,600 1,900 2,900 2,300 1,700 5. An investment project costs $14,000 and has annual cash flows of $3,700 for six years. What is the discounted payback period if the discount rate is zero percent? What if the discount rate is 5 percent? If it is 19 percent