Consolidated Pasta is currently expected to pay annual dividends of $$10$ a share in perpetulty on the $1\mathrm{.}8$ million shares that are

outstanding. Shareholders require a $8\%$ rate of return from Consolidated stock.

a$.$ What is the price of Consolidated stock?

Note: Do not round Intermedlate calculations.

b$.$ What is the total market value of its equity?

Note: Enter your answer In millilons.

Consolidated now decides to Increase next year's dividend to $$20$ a share, without changing its investment or borrowing plans.

Thereafter the company will revert to its policy of distributing $$10$ million a year.

c$.$ How much new equlty capltal will the company need to ralse to finance the extra dividend payment?

Note: Enter your answer In millilons.

d$.$ What will be the total present value of dividends pald each year on the new shares that the company will need to Issue?

Note: Enter your answer In millilons.

e$.$ What will be the transfer of value from the old shareholders to the new shareholders?

Note: Enter your answer In millilons.

f$.$ Is this figure more than, less than, or the same as the extra dividend that the old shareholders will recelve?