Suppose you are the marketing manager for MyTeam, an online seller of jerseys for sports teams. Philly has offered to sell you advertising on a pay-per-conversion basis at $5 per conversion where a conversion is sale. If the gross margin on sales is 37% and the average order value is $118.23, is the advertising worth the cost

Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to: