Question 5 (10 marks) Assume that you are working for Fashion Exports Group. Your corporation is going to pay an annual dividend of $7 per share and an extra dividend of $1.5 per share in 4 weeks. The company's stock is currently listed and actively traded on ASX. Required: a) The standard process of settlement in ASX is T+2. If tomorrow is the record date for dividend payment for Fashion Exports Group, when is the ex-dividend date for trading this share on ASX? (2marks) ANSWER al: b) Calculate the ex-dividend price if the corporation's closing price the day before the ex-dividend date is 5112.5, assuming the dividend flat tax rate is 15%. (2 marks) b) Hyatt Ltd. has the following income statement items: sales of $4,500,000; cost of goods sold of $1,600,000; other operating expenses of $900,000; and interest expense of $20,000. Corporate income tax of 30%. Required: i. Calculate the EBIT of the company. (2marks)