1. ABC Company has the following projected sales:

Month	Sales
June	$249
July	$8,220
August	$15,073
September	$36,368

25% of the sales are collected in the same month. 16% of the sales are collected after one month, 9% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the September collections? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

2.Suppose the company is expected to pay a dividend of $6.91. next year That is, D₁ is $6.91. What is the amount of dividend in Year 7? That is, what is D₇? Assume that the dividends are expected to grow by 11% each year. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

3.ABC, Inc.'s stock is currently selling for $225.24. The dividends are expected to grow at 7.01% each year forever. If the required rate of return on the stock is 13.37%, what is next period's dividend? That is, solve for D₁.Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.