Please answer 4 questions and show all calculations.

1. Stock Split Suppose you own 4,000 common shares of Laurence Incorporated. The EPS is $8.00, the DPS is $4.75, and the stock sells for $65 per share. Laurence announces a 2-for-1 split. Immediately after the split, how many shares will you have? What will the adjusted EPS and DPS be? Round your answers to the nearest cent. EPS DPS $ $ What would you expect the stock price to be? Round your answer to the nearest cent. $ 2. Residual Distribution Policy Harris Company must set its investment and dividend policies for the coming year. It has three independent projects from which to choose, each of which requires a $4 million investment. These projects have different levels of risk, and therefore different costs of capital. Their projected IRRs and costs of capital are as follows: Project A: Cost of capital = 16%; IRR = 20% Project B: Cost of capital = 10%; IRR = 15% Project C: Cost of capital = 9%; IRR = 8% Harris intends to maintain its 45% debt and 55% common equity capital structure, and its net income is expected to be $11,296,500. If Harris maintains its residual dividend policy (with all distributions in the form of dividends), what will its payout ratio be? Round your answer to two decimal places. % 3. External Equity Financing Gardial GreenLights, a manufacturer of energy efficient lighting solutions, has had such success with its new products that it is planning to substantially expand its manufacturing capacity with a $20 million investment in new machinery. Gardial plans to maintain its current 45% debt-tototal-assets ratio for its capital structure and to maintain its dividend policy in which at the end of each year it distributes 40% of the year's net income. This year's net income was $8 million. How much external equity must Gardial seek now to expand as planned? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places. $ million 4. Stock Split Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $1.70 per share. This total dividend payout represents a 10% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cent. $