Book Match just paid an annual dividend of $1.50 per share….

Book Match just paid an annual dividend of $1.50 per share. The company will increase its dividend by 7 percent next year and will then reduce its dividend growth rate by 2 percentage points per year until it reaches the industry average of 3 percent dividend growth, after which the company will keep a constant growth rate forever. What is the price of this stock today given a required return of 14 percent?

Assume a firm with sales of $28,400 is currently operating a…

Assume a firm with sales of $28,400 is currently operating at 98 percent of capacity. The firm currently has fixed assets of $16,900 and total assets of $24,600. Next year, sales are projected to increase to $35,000. What is the projected addition to fixed assets?