RAMPAX company belongs to a risk class for which the appropriate capitalization rate is 12%. It currently has outstanding 30,000 shares selling at TZS 100 each. The firm is contemplating the declaration of dividend of TZS 6 per share at the end of the current financial year. The company expects to have a net income of TZS 300,000 and a proposal for making new investments of TZS 600,000. Required: a) Show that under the MM assumptions, the payment of dividend does not affect the value of the firm. b) How many new shares issued and what is the market value at the end of the year?​