please answer all questions

Show your work, calculations and any formulas used 1. General Mills had net income of $3.10/share last year, and it paid $1.96/share in dividends last year. A) What was its Dividend Payout Ratio last year? B) What was its Retention Rate last year? (Your answers should be a % carried to one place.) 2. General Mills' current stock price is $52.69/share. You expect a dividend of $2.05/share will be paid over the next year and believe net income will increase at a 3.2% annual rate in the future. What is your estimate for General Mills' Cost of Equity? (Your answer should be a % carried to 1 place.) 3. You believe that RealCo will pay a dividend of $1.42/share next year. If you estimate RealCo's Cost of Equity is 8.3% and you expect RealCo's net income (and dividends) will grow 5.1%/year in the future, what is your estimate of RealCo's true value per share? 4. D&C Corp's stock is selling for S46/share. You expect dividends to be $.57/share over the next year (Year 1), $.63/share in Year 2 and $.69/share in Year 3, and you anticipate the stock will be trading at $66/share at the end of Year 3. a. Draw a timeline assuming all cash flows occur at the end of each year. b. If you've estimated D&C Corp's Cost of Equity to be 7.8%, what do you believe the true value of the stock is today? c. Given your answer to 4. b., what would you recommend to your clients? 5. On average, D&C Corp can earn 9%/year after tax on new investments. If its dividend payout ratio averages 30%, how fast would you expect its net income to grow/year? (Your answer should be a % carried to 1 place.)