Selected financial information for the Bespin Gas Mining Corporation $($BGMC$)$ is provided in the table. BGMC is currently leveraged, but it is considering a new issue of equity which would be used to repay all

of its debt. Financial details are presented in the Proposed column. Assume that BGMC generates perpetual annual EBIT. Assume that all cash flows occur at the end of the year and we are currently at the

beginning of a year. The company isn't growing so there are no investments in working capital or fixed assets. Assume that taxes are zero and that all of net income is paid out as a dividend. Assume that the

debt is perpetual with annual coupons at the rate $k_D.$ Lando Calrissian is a shareholder in BGMC$.$ He owns $36,000$ shares. Answer the questions that follow.

Part $1$

Under the current $($leveraged$)$ capital structure, how much does Lando receive in dividends at the end of each year?

$$70,571$

$$65,571$

$$75,571$

$$80,571$

Part $2$

Under the proposed capital structure, BGMC will issue equity to repay all of the debt. How many shares will be outstanding after the new issue if BGMC sells shares for $$24\mathrm{.}29$ each?

$112,857$

$99,997$

$102,857$

$70,000$