Total Preferred Dividends Common Dividends Year Dividends Total Per Share Total Per Share Year 1 $ 48,000 Year 2 144,000 Year 3 228,000 Year 4 276,000 Year 5 336,000 Year 6 420,000 2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred Average annual dividend for common per share per share 3. Assuming a market price per share of $188 for the preferred stock and $11 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock. Round your answers to two decimal places. Preferred stock Common stock % %