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Intro Lightpoint Inc. forecasts a net income of $45 million during the coming year, which is expected to grow by 6% per year forever. The

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Intro Lightpoint Inc. forecasts a net income of $45 million during the coming year, which is expected to grow by 6% per year forever. The company plans to pay out 30% of net income as dividends and repurchase shares worth 15% of net income every year. The company has 35 million shares outstanding and a cost of equity of 12% Attempt 1/5 for 10 pts. Part 1 What is the total payout to shareholders next year (in $ million)? No decimals Submit Attempt 1/5 for 10 pts. Part 2 What is the present value of future dividends and repurchases (in $ million)? No decimals Submit Attempt 1/5 for 10 pts. Part 3 What is the share price? 1+ decimals Submit

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