Test 5- Requires Respondus LockDown Browser Left:1:13:28 Ralph King: Attempt 1 question 45 (U.125 points) CMT, Inc. has an issue of preferred stock whose par value is $500. The preferred stock pays a 4.5% dividend. If investors require a 5.5% rate of return for these shares, what price should the preferred stock sell for? $40.91 $409.09 $81.82 $508.33 Question 46 (0.125 points) The company's required rate of return or weighted average cost of capital is 8%. After computing Payback Period, NPV, PI, and IRR, state whether you would accept or reject each project. Management's arbitrarily set payback period is 2.75 years. Project Homer details; Initial Outlay = $123,000; Cash Inflows = $30,000 per years for 5 years. Compute NPV for Project Homer. A) (23,640) B) (3,210) OC) 33,180 D) 34,200