A. Porestony announcet on May 1, 2013, that it will pay a dividend of RM0.50 per share on June is to all holders on record as of May 31H. The firm's stock price is currently at RM7.69 per share. Assume that all investors are in the 33% tax bracket. Given that the ex-dividend date is May 29, what should happen to Porestony's stock price on May 29? (3 marks) B. Esmael Group has 24,000 shares of stock outstanding at a market price of RM4.60 a share. What will the market price per share be if the company does a 1 -for-5 reverse stock split? (3 marks) C. Luziana Ventures Bhd. is considering a project that will cost RM51 million and have a year-end after-tax cost savings of RM7.29 million in perpetuity. The company's before tax cost of debt is 11.5% and its cost of equity is 14.5%. The project has risk similar to that of the operation of the firm, and the target debt-equity ratio is 1.5. What is the NPV for the project if the tax rate is 34% ? (4 marks)