Dividend policy for Adams Catering Inc (ACI). ACI generates $800 of free cashflow per wear and pays this out as a dividend. ACI has 800 shares outstanding currently. The firm is currently worth $8800 and all the MM assumptions hold. For this year only, the management increases the total dividend payment to $4800. The dividend will return to $800 per year following this one time increase. (*) A) B) C) D) What fraction of the firm must ACI sell to finance the dividend? Assume that ex- dividend shares are being sold. How many shares will be outstanding after the dividend payment and equity issue? What is the ex-dividend price of ACI?< What is the dividend per share expected to be next year