Solve the following questions , please write properly.

Problem 1 Valuing Preferred Stock. E-Eyes.com has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. If you require a return of 7.1 percent on this stock, how much should you pay today? Draw the time diagram and provide all calculations. Problem 2 Slippose your company needs to raise $35 million and you want to issue 20-year bonds for this purpose. Assume the required return on your bond issue will be 6.8 percent, and you're evaluating two issue alternatives: a 6.8 percent semiannual coupon bond and a zero coupon bond. Your company's tax rate is 35 percent. a. How many of the coupon bonds would you need to issue to raise the $35 million? How many of the zeroes would you need to issue? b. In 20 years, what will your company's repayment be if you issue the coupon bonds? What if you issue the zeroes