Beaksley, inc. is a very cyclical type of business which is reflected in its dividend policy. the firm pays a $2.00 a share dividend every other year with a payment being paid today. five years from now, the company is repurchasing all of the outstanding shares at a price of $50 a share. what is the current value of one share at a discount rate of 12 percent?

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?