Spacefood products will pay a dividend of $2.40 per share this year. it is expected that this dividend will grow by 3% per year each year in the future. what will be the current value of a single share of spacefood's stock if the firm's equity cost of capital is 10%?

a) $24.00
b) $23.97
c) $30.22
d) $34.29

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Elon musk is the ceo of tesla motors. musk also serves as chairman of tesla's board. according to corporate governance theory, which of the following is a logical reason why musk should serve on the board? 1. he serves on many other boards, including that of a major client of tesla.2. his is an independent director who is well positioned to monitor the company's management.3. he can easily fire board members that are shirking their duties.4. he can provide the board with valuable inside information about the firm and the industry.

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):