a) Complete Marked out of 400 in one year's time JB LoFi is expected to have earnings of $87.1 million. The firm is expected to pay dividends of $35.5 million and spend $11.6 million on share repurchases. Earnings are expected to grow by 16.7% annually fifteen times (until t=16) After this period earnings are expected to remain constant in perpetuity. The firm's cost of equity capital is 12.4% and the dividend and repurchase rates are expected to stay constant in perpetuity. What is the market value of JS LoFi's equity? S 1495.34 million (Give answer to 2 decimal places)

b)  The Ascott Towers hotel chain takes out a $9.1 million short-term amortizing loan for 8 months at 6% per annum. It makes monthly payments to pay off the loan. However, after 5 months, it decides to pay off the entire loan amount. Complete Marked out of 400 does it pay (in millions of dollars)? 5 3.45 decimal places)

c) Complete Marked out of 4.00 Harbour Ferries Inc. is evaluating whether to purchase a new fleet of ferries. For one ferry, the purchase price is $2.5 million and lasts for 5 years with annual operating costs of 50.5 million and annual operating revenue of $2.0 million annually. Assuming that this foot would be replaced well into the future and that the cost of capital is 15.4%, what is the Equivalent Annual Annuity in terms of NPVT S 0.75 million (Give answer to 2 decimal places)