please help with the following questions....see attachment

7. Massy United Ltd. has been experiencing high levels of growth over the past 5 years and management has decided to retain most of its earnings to finance that intense growth level. IN light of this, the company has decided to reduce its annual dividend by 30 percent annually for the next 2 years. After that, it will maintain a constant dividend of $2.50 a share. Last year, the company paid $3.60 as the annual dividend per share. If the required rate of return is 14.5 percent what is the market value of its stock? (4 POINTS) 8. The common shares of Almond Beach Ltd., have a beta of 0.75, offer an expected return of 9%, and have an historical standard deviation of return of 17%, alternatively, the common shares of Palm Beach Inc. have a beta of 1.25, offer an expected return of 10%, and have an historical standard deviation of return of 13%. Both firms have a marginal tax rate of 37%. The risk-free rate of return is 3% and the expected rate of return on the market portfolio is 9%. a. Would a well-diversified investor prefer to invest in the shares of Almond Beach or the shares of Palm Beach? Explain why and show all calculations. b. Would an investor who can invest in the shares of only one firm prefer to invest in the shares of Almond Beach or the shares of Palm Beach? Explain why