QQ is a constantly growing company that has just paid an annual dividend of $3.28. The share is priced at a market capitalization rate of 8.1%. The share price is $112.30. Its payout ratio is 0.6.

1. What is the expected return on new equity invested? [5]
2. What is the dividend yield? [2]
3. If there are 1,000,000 shares, what is the total earnings? [3]
4. What is the expected share price exactly five years from today? [3]