On 12/31/15, Hite Industries reported retained earnings of $510,000 on its balance sheet, and it reported that it had $142,000 of net income during the year. On its previous balance sheet, at 12/31/14, the company had reported $445,000 of retained earnings. No shares were repurchased during 2015. How much in dividends did the firm pay during 2015? O a. $55,300 O b.$70,000 O c. $53,200 O d. $77,000 O e. $60,900 Question 14 of 63 Moving to the next question prevents changes to this answer. 8 points Gupta Corporation is undergoing a restructuring, and its free cash flows are expected to vary considerably during the next few years. However, the FCF is expected to be $85.00 million in Year 5, and the FCF growth rate is expected to be a constant 70% beyond that pourt. The weighted average cost of capital is 12.0%. What is the horizon (or continuing) value (in millions) at t= 5? O a. $1,819 Samed O b.$1,234 O c. $1,432 O d.$1,662 e. $1,646 A Moving to the next question prevents changes to this answer. Question 17 8 points Saved Schnusenberg Corporation just paid a dividend of D 0 = $0.75 per share, and that dividend is expected to grow at a constant rate of 7.50% per year in the future. The company's beta is 1.70, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price? a. $7.70 O b.$10.52 O c. $11.20 O d.$9.74 O e. $7.89 A Moving to the next gunstion nrunntr nang