Natural Resources and Depletion Luper Company acquired a tract of land which contained iron deposits for $2,450,200. Luper spent $129,000 to access the iron ore. Luper estimates that 2,000,000 tons of ore will be extracted. The estimated value of the land after the ore is extracted is $99,200. During the current year, Luper extracts 150,000 tons of iron ore. Required:
Compute the cost of the natural resource and the amount of depletion taken during the year.

The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is