23) Tree Cat Productions has 500 million shares outstanding. It expects to pay $100 million in dividends and buy back $200 million worth of shares every year forever. The firm's cost of capital is 10%. What is the per share value of the fir? a) $2.00 b) $4.00 C) $600 d) $8.00 e) More than $8.00 24) Which information from 2 weeks ago will be incorporated into the stock price of a well- known company (like Pfizer)? D) a widely publicized approval of a new medicatio OR IT) the results of a confidential unpublished drug clinical trial? a) D will be incorporated, but II) will not be incorporated b) D) will not be incorporated, but IT) will be incorporated e) D and I will both be incorporated d) D) and II) will both not be incorporated e) There is insufficient information to answer this