3. An equity investor in a business expects to receive dividends of $10,000,$20,000, $30,000, and $35,000 over the next four years. She expects to be able to sell her share in the business in four years. She invests $250,000 equity in the business and requires an expected return of 15%. For how much does she expect to sell her share in four years? 4. An investor gives a new firm $300,000 on the condition that he receive a "royalty" 10% of annual sales. If sales over the next five years are $1,000,000,$750,000, $1,250,000,$1,500,000, and $1,400,000, what did he earn on his investment over these five years in royalties? 3. An equity investor in a business expects to receive dividends of $10,000,$20,000, $30,000, and $35,000 over the next four years. She expects to be able to sell her share in the business in four years. She invests $250,000 equity in the business and requires an expected return of 15%. For how much does she expect to sell her share in four years? 4. An investor gives a new firm $300,000 on the condition that he receive a "royalty" 10% of annual sales. If sales over the next five years are $1,000,000,$750,000, $1,250,000,$1,500,000, and $1,400,000, what did he earn on his investment over these five years in royalties