An investor owns stock in a firm that has 40 shares outstanding at a price of $35 per share. Suppose that the firm pays a 16% stock dividend. Find the price per share after the firm pays the stock dividend. A firm uses a residual dividend policy. The firm has a debt to equity ratio of 80% and 60 shares outstanding. Assume that the change in current assets, the change in current liabilities, and depreciation are zero. Suppose that next period, the firm expects earnings to be $320 Find the maximum net capital spending that the firm could expect next period