Hoyt corp.'s current balance sheet reports the following stockholders' equity: 5°/o cumulative preferred stock, par value $100 per share; 2,500 shares issued and outstanding $250,000common stock, par value $3.50 per share; 100,000 shares issued and outstanding 350,000additional paid-in capital in excess of par value of common stock 125,000retained earnings 300,000dividends in arrears on the preferred stock amount to $25,000. if hoyt were to be liquidated, the preferredstockholders would receive par value plus a premium of $50,000. the book value per share of common stockis: a. $7.75b. $7.50c. $7.25d. $7.00

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer