Part A: Below are some of the components for Prufrock Corp. income statement for the year ending December 31st, 2016. Use the values to fill in the income statement and calculate the net income. All values are given in millions of dollars and there may be more lines provided than needed.

Sales = $70,000 Tax Rate = 34% Depreciation = $16,000 Interest Paid = $450 Cost of Goods Sold = $35,000

Part B: Prufrock Corp. has 4,000 million shares outstanding. If they do not reinvest any of their earnings what will be the dividend per share paid out this year?

Part C: Assume that the dividend from Part B will be paid out one year from today. After the initial dividend from part B is paid, the dividend is expected to grow at a rate of 4% per year. Investors require a 10% return on their investment. What is the current share price?