Please show all workings and answers to all parts of the question

Pepperoni Ltd, a small processed food company had revenues last year of $4.5 million and total costs of $3 million. Pepperoni has 1.4 million shares of common stock outstanding. Gross revenues and costs are expected to grow at 5 percent per year on this existing business. Pepperoni pays tax at 40 cents in the dollar. The dividend payout ratio is 50%. Required: (i) If the appropriate discount rate is 10 percent per annum, what is the price per share of Pepperoni Ltd's stock? (ii) Pepperoni Ltd has decided to start a new project. This project requires an immediate outlay of $2.8 million. In one year, another outlay of $2.1 million will be needed. Earnings from the new project will be a steady $1.4 million (before tax) per year and the first of these will be received two years from today, maintained in perpetuity. What effect will undertaking this new project have on the price per share of Pepperoni's stock? Please calculate the new expected share price