Common stock value long dash variable growth personal finance problem home place hotels, inc., is entering into a 3-year remodeling and expansion project. the construction will have a limiting effect on earnings during that time, but when it is complete, it should allow the company to enjoy much improved growth in earnings and dividends. last year, the company paid a dividend of $2.30. it expects zero growth in the next year. in years 2 and 3, 3% growth is expected, and in year 4, 16% growth. in year 5 and thereafter, growth should be a constant 11% per year. what is the maximum price per share that an investor who requires a return of 15% should pay for home place hotels common stock

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?

Increases in output and increases in the inflation rate have been linked to