The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital expenditure projects. The firm can earn a higher return on the projects than the stockholders could earn if the funds were paid out in the form of dividends.

Year Net Income Profitable Capital Expenditure

$1$ $ $13$ million $ $7$ million

$224$ million $11$ million

$317$ million $6$ million

$418$ million $8$ million

$522$ million $8$ million

The Hastings Corporation has $2$ million shares outstanding. $($The following questions are separate from each other.$)$