Part A - A firm has an initial endowment of $70,926. The firm has identified three non-divisible feasible projects: Project-V requires $27,920 investment now to generate $31,354 next year; Project-W requires $21,860 investment now to generate $33,161 next year; and Project-X requires $52,012 investment now to generate $62,787 next year. The firm invests in projects reasonably to maximise wealth. The average expected rate of return from the market is 12%. If Josh owns 55% shares of the firm, how much dividend would be expected by Josh in the next period based on the Two-Period Perfect Certainty model?

Part B. A loan amount of $26,257 will be due after 6 years. John has a deposit plan to deposit $6,847 at the end of each year for the next 6 years. If the deposit generates 12% interest compounded monthly, find the deficit or surplus amount from this deposit plan to repay the total loan amount after 6 years.

Part C. Jacob will be starting a 4-year apprenticeship program in 23 months time. His mother, Mary, has promised him a living allowance of $187.9 per month to help support him during this time. If the interest rate is 9.4 percent per annum, compounding monthly, how much money will Mary need to set aside today to finance Jacob's allowance?