please show workings, no excel work. thank you

Problem 4 (4 marks) The Halifax Corporation expects next year's net income to be $15 million. The firms' debt to equity ratio is currently 2. The Halifax Corporation has $12 million of capital expenditures planned for projects with positive NPV's for next year. Management plans to maintain its existing debt to equity ratio. According to the residual distribution model (assuming all payments are in the form of dividends), how large should The Halifax Corporation's dividend be next year? Problem 5 (7 marks) The Tooth Fairy Company's stock currently sells on the Toronto Stock Exchange at $90 per share. Below is their partial balance sheet: Common Stock (1,500,000 shares outstanding) 30,000,000 Retained Earnings 15,000,000 Total 45,000,000 a) The company is considering a 3 for 2 stock split. What will be the company's stock price following the stock split? How many shares will be outstanding? Show any changes to the Balance sheet. b) If instead, the company does a 7.5% stock dividend. What will be the company's stock price following the stock dividend? How many shares will be outstanding? Show any changes to the Balance sheet