Lily is considering purchasing the common stock of Warren Industries, a rapidly growing boat manufacturer. She finds that the firm's most recent annual dividend payment was RM1.50 per share. Lily estimates that these dividends will increase at a 10% annual rate, g1, over the next 3 years because of the introduction of a hot new boat. At the end of the 3 years, she expects the firm's dividend to stay the same for the foreseeable future. Lily's required return, rₑ is 15%. Estimate the current value of Warren Industries' common stock.​

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.