4. Manex Company has outstanding 50 lakh shares selling at *120 per share. The company is thinking of paying a dividend of 10 per share at the end of the current year. The capitalization rate for the risk class of this firm is 10 per cent. Using Modigliani and Miller's model you are required: (i) to calculate the price of the share at the end of the current year if dividends are paid and if they are not paid; (ii) to determine the number of shares to be issued if the company earns 9 crore, pays dividends and makes new investments of *6.60 crore?