a) The balance sheet for JTA pic, is shown here in market value terms. There are 4,000 million shares outstanding Market Value Balance Sheet (E mil.) Cash C9.557 Equity $12.450 Fixed Assets (10.223 Liabilities 7.330 Total C19.780 Total $19,780 The company has declared a dividend of 60.90 per share, the equity goes ex-dividend tomorrow. Tasks i. Ignoring any tax effects, show what price the shares would be selling for today? (5 marks) i. What will they sell for tomorrow? (5 marks) i. What will the market value balance sheet look like after the dividends are paid? (5 marks) BTA pic, a technology products firm, is debating whether to convert its all-equity capital structure to one that has 30% debt. Currently there are 4,000 shares outstanding and the share price is E52. EBIT is expected to remain at $24,000 per year forever. The interest rate on new debt is 9%% and there are no taxes