I need 16-5 for this book... This ia a close alternative: Problem 16-5 House of Haddock has 5,110 shares outstanding and the stock price is $151. The company is expected to pay a dividend of $20 per share next year and thereafter the dividend is expected to grow indefinitely by 4% a year. The President, George Mullet, now makes a surprise announcement: He says that the company will henceforth distribute half the cash in the form of dividends and the remainder will be used to repurchase stock. Requirement 1: (a) What is the total value of the company before the announcement? (Omit the "$" sign in your response.) Total value $ (b) What is the total value of the company after the announcement? (Omit the "$" sign in your response.) Total value $ (c) What is the value of one share? (Omit the "$" sign in your response.) Value $ Requirement 2: What is the expected stream dividend per share in year 1 and year 2 for an investor who plans to retain his shares rather than sell them back to the company? (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Year Expected dividend 1 $ 2 $