Please show the formulas of how to find these answers step by step without excel spreadsheet

sunset Corp. is an all$-$equity firm that will pay a dividend of $$\frac{8\mathrm{.}75}{?}$ share next year and a liquidating dividend of $$12$ at the end of the $2^{nd}$ year. The current stock price is $$17\mathrm{.}87$ per share. Ignore taxes and assume a discount rate of $10\%.$ You own $2,500$ shares in Sunset. If you were to use homemade dividends to generate equal dividends over the next two years, how many shares would you need to buy or sell at the end of the first year? Assume fractional shares can be bought and sold. Tip: use two decimal places on per$-$share dividends and whole numbers $($no decimals$)$ for total dividends.

A$)$ You would need to sell $216\mathrm{.}84$ shares at the end of the first year.

B$)$ You would need to sell $322\mathrm{.}92$ shares at the end of the first year.

C$)$ You would need to sell $355\mathrm{.}18$ shares at the end of the first year.

D$)$ You would need to buy $442\mathrm{.}86$ shares at the end of the first year.

E$)$ You would need to buy $355\mathrm{.}18$ shares at the end of the first year.

If are taxed at a higher rate than shareholders will prefer to

A$)$ Dividends; capital gains; share repurchases; dividends

B$)$ Capital gains; dividends; share repurchases; dividends

C$)$ Stock dividends; cash dividends; cash dividends; stock dividends

D$)$ Stock dividends; stock repurchases; stock dividends; stock repurchases

E$)$ None of the above.

BONUS QUESTION

$31.$ In class, I mentioned that Air Canada, under a takeover threat, issued a large amount of debt and acquired another airline. Which airline did they buy?

A$)$ Continental Airlines

B$)$ Canadian Airlines

C$)$ WestJet Airlines

D$)$ American Airlines

E$)$ CanJet Airlines