Kingbird Inc. has 16000 shares of 8%, $100 par value, cumulative preferred stock and 80000 shares of $1 par value common stock outstanding at…

Kingbird Inc. has 16000 shares of 8%, $100 par value, cumulative preferred stock and 80000 shares of $1 par value common stock outstanding at December 31, 2017. What is the annual dividend on the preferred stock?