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The net income of Steel City Corporation is S87,OOO_ The company has 29.000 outstanding shares, and a 100 percent payout policy. The expected value of the firm one year from now is The appropriate discount rate is 13 percent, and there are no taxes. Whet is the current value of the company assuming the current dividend has not yet been paid? (DO not round intermediate round your answer to 2 decimal e.g., 32.16.) iS the ex-dividend price Of the company'S Stock if the follows its current policy? (DO not round intermediate round your to 2 decimal 32.16.) At the dividend declaration meeting. several board members claimed that the dividend iS too meeger end is probably depressing the compony's stock price. They proposed that the compony sell enough new shores to finance a dividend of S4_20_ Calculate the value of the company under this proposal. (Do not round intermediate calculations nd round your answer to 2 decimal places, e.g., 32.16.) If the proposal is adopted. at what price will the new shares sell? How many shares c-2. will be sold? (Do not round intermediate calculations and round your answers to 2 decimal e.g., 32.16.) O Answer iS not Complete. Company p ree Compa n V value New snare price 90 e 661.00