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Portman Industries just paid a dividend of $2.16 per share. The company expects the coming year to be very profitable, and its dividend is expected

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Portman Industries just paid a dividend of $2.16 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 16.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year. The risk-free rate (t_RF) is 4.00%, the market risk premium (RP_M) is 4.80%, and Portman's beta is 1.60 Assuming that the market is in equilibrium, use the information just given to complete the table. Portman has 800,000 shares outstanding, and Judy Davis, an investor, holds 12,000 shares at the current price as just found. Suppose Portman is considering issuing 100,000 new shares at a price of $25.11 per share. If the new shares are sold to outside investors, by how much will Judy's investment in Portman be diluted on a per-share basis? $0.49 per share $0.60 per share $0.42 per share $1.03 per share Thus, Judy's investment will be diluted, and Judy will experience a total _____ of _____

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