3. [4pt] Find the market price per share of firms stock in year 2525.

4. [4pt] Find the market price per share of firms stock in year 2526.

5. [4pt] Find the stockholders annual rate of return for year 2526.

5. [20pt] Find below the Company balance sheet for year-end 2525. Current Assets PP&E Total Balance Sheet, 12/31/2525 $1,600 Debt $5,600 Stockholders Equity $7,200 $2,800 $4,400 $7,200 Total For year 2526 the company forecasts sales of $28,800, a net profit margin (= net income + sales) of 5.3%, a dividend payout ratio (=dividends = net income) of 60%, and de- preciation that is 16% of beginning-of-year PP&E. Throughout year 2526 Debt remains unchanged. The company has a share outstanding of 550 for year 2525. The company expects to make capital expenditures such that for the year-end 2526 balance sheet PP&E is $200 larger than it is on the 2525 balance sheet above. Suppose the Capital expenditure is financed exclusively by issuing new equity at the stock price of year-end 2525. Also, suppose the equity price-to-book ratio is constant at 2.20 for both year. 1. [4pt] Find how much new equity the firm issued in year 2526. 2. [4pt) Find the book value of firm's stock in year 2526