Spacefood Products will pay a dividend of $ 2.40 per share this year. It is expected that this dividend will grow by 6% 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 13%?

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?