need some help on the last 2

Intro Qinglin Corp. is expected to pay an annual cash dividend of $8 per share in perpetuity, with the next dividend expected one year from now. It has 400,000 shares outstanding. Investors demand a rate of return of 9%. Attempt 1/10 for 10 pts. Part 1 At what price is Qinglin Corp.'s stock selling? 88.89 Correct Stock price with zero-growth dividend discount model: D 8 Po 88.89 R 0.09 Attempt 1/10 for 10 pts. Part 2 What is the market value of equity? 35555555.56 Correct Market value of equity: Eo = Share price. Shares outstanding = Po. No = 88.89- 400,000 = 35,555,556 Part 3 Attempt 1/10 for 10 pts. What is the annual value of the dividend payout? 3200000 Correct Value of dividend payout: Vo Do No = 8-400,000=3,200,000 Part 4 Attempt 3/10 for 10 pts. Mr. Shu Qinglin decides to raise next year's dividend payout to $4,160,000, while keeping company's investments and borrowings constant. After next year, the company will go back to its policy of paying out $3,200,000 per year. The company will pay for the extra dividend payout by issuing new shares at the current market value now. What amount of new equity capital is needed? 0+ decimals Submit Part 5 Attempt 1/10 for 10 pts. What would be the present value of total dividends paid to the new shareholders? 0+ decimals Submit