3.

Hewlard Pocket's market value balance sheet is given. Shares outstanding =100,000 Price per share =$1,100,000/100,000=$11 Pocket needs to hold on to $72,000 of cash for a future Investment. Nevertheless, it decides to pay a cash dividend of $3.10 per share and to replace cash as needed with a new Issue of shares. After the dividend Is paid and the new stock Is Issued: Q. What will be the price per share? Note: Do not round Intermedlate calculations. Round your answer to 2 decimal places. b. What will be the total value of the company? Note: Enter your answers In whole dollars, not In milllons. c. What will be the total value of the stock held by new investors? Note: Do not round Intermedlate calculations. Enter your answers In whole dollars, not in milllons. Round your answer to the nearest whole dollar amount. d. What will be the wealth of the existing investors including the dividend payment? Note: Do not round Intermedlate calculations. Enter your answers In whole clollars, not In milllons. Round your answer to the nearest whole dollar amount