please answer all!

#3

Johnny needs to raise $89.00 million by issuing additional shares of stock. If the market estimates Johnny will pay a dividend of $2.52 next year, which will grow at 3.37% forever and the cost of equity to be 12.88%, then how many shares of stock must Johnny sell?

Answer format: Number: Round to: 0 decimal places.

#4

Suppose the risk-free rate is 3.52% and an analyst assumes a market risk premium of 6.98%. Firm A just paid a dividend of $1.11 per share. The analyst estimates the of Firm A to be 1.47 and estimates the dividend growth rate to be 4.91% forever. Firm A has 264.00 million shares outstanding. Firm B just paid a dividend of $1.76 per share. The analyst estimates the of Firm B to be 0.75 and believes that dividends will grow at 2.97% forever. Firm B has 181.00 million shares outstanding. What is the value of Firm A?

Answer format: Currency: Round to: 2 decimal places.

#5

Suppose the risk-free rate is 1.64% and an analyst assumes a market risk premium of 5.88%. Firm A just paid a dividend of $1.49 per share. The analyst estimates the of Firm A to be 1.38 and estimates the dividend growth rate to be 4.88% forever. Firm A has 251.00 million shares outstanding. Firm B just paid a dividend of $1.65 per share. The analyst estimates the of Firm B to be 0.86 and believes that dividends will grow at 2.04% forever. Firm B has 200.00 million shares outstanding. What is the value of Firm B?

Answer format: Currency: Round to: 2 decimal places.