4. Northwest Territories Bikini Company has cash flows from operations of $150 million anlu needs $125 million for investment purposes. Assume the firm has 15 million shares outstanding and its shares are presently trading at $15 per share. (Hard, 30 marks) a) If the M\&M conditions hold, how many new shares must be issued if the firm plans to pay a $3 per share dividend? (15 marks, 25mins) b) If the M\&M conditions hold, what is the value of the firm after paying a $3 per share dividend? ( 5 marks, 5 mins) c) If the M\&M conditions hold, what is the price per share after paying a $3 per share dividend? (10 marks, 20mins)