At the beginning of 2020, Gothic Architecture has issued1,700 shares of 5%, $50 par value cumulative preferred stock. All remaining shares are common stock. Gothic Architecture did not pay dividends in 2020 or 2021. Gothic plans to pay total dividends of $14,000 in 2022. How much of the $14,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?