can you please provide an explanation of how you solved it, and briefly the concept behind the question? thank you!

Click to see additional instructions The total market value of Quinlan Carpet's assets is $4.5Million. The total market value of all of their debt is $950,000. The capital structure of the company is made up of only debt and common equity. There are 75,000 common shares outstanding. The company has declared a 20% stock dividend, with the ex-dividend date being tomorrow. Answer the following: (Round your answer to 2 decimal places. Do NOT use commas All else equal, what do you expect the ex-dividend price to be? Price = $ (eg. 43.21) All else equal, what will be the total ex-dividend market value of the company's equity? Market Value of Equity (ex-dividend) = $ (Round your answer to the closest dollar. Do NOT use commas (i.e. 1234567)