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A firm has an initial endowment of $83,500. The firm has identified three non-divisible feasible projects: Project-M requires $27,217 investment now to generate $33,954 next

A firm has an initial endowment of $83,500. The firm has identified three non-divisible feasible projects: Project-M requires $27,217 investment now to generate $33,954 next year; Project-N requires $24,397 investment now to generate $29,257 next year; and Project-P requires $53,581 investment now to generate $56,050 next year. The firm invests in projects reasonably to maximise wealth. The average expected rate of return from the market is 15%. If Rob owns 58% shares of the firm, how much dividend would be expected by Rob in the next period based on the Two-Period Perfect Certainty model?

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