7-3: Your company has 3,400,000 shares outstanding. The company charter allows for up to 5,000,000 shares of common stock. The sale of new common stock should net $50 per share. The company plans to raise $90,000,000 for new projects. (A) How many shares (maximum) of additional new stock may the company sell under the current authorization? (B) Assuming no new debt and only common stock to raise the funds, how many shares would the company need to sell to raise the new funds? (C) Does the company have enough available shares to raise the required amount for new projects? 13 7-4: Firm A had these year-end dividends per share per year, as follows: Year 2015: $1.00. Year 2019: $1.12. You do not have the data for the years ending in 2016, 2017, and 2018, but you have been informed that you may assume a constant growth rate in dividends for those years. Assuming a constant-growth (Gordon) model, compute the following: (A) The growth rate, 8. (B) The expected dividend in 2020. (C) The expected rate of return for 2020 is 8%. Compute the per-share value of the firm's stock