1. What is the plowback ratio for a firm that has earnings per share of $20.00 and pays out $4.00 per share as dividends? 2. What would be the approximate expected price of a stock when dividends are expected to grow at a 25% rate for 3 years, then grow at a constant rate of 5%, if the stock's required return is 13% and next year's dividend will be $4.00? a 3. How much of a stock's $30 price is reflected in PVGO if it expects to earn $4 per share, has an expected dividend of $2.50, and a required return of 20%? What is the expected growth rate of this company? 4. What is the current price of a share of stock for a firm with $5 million in balance sheet equity, 500,000 shares of stock outstanding, and a price/book value ratio of 4? 5. What will happen to the value of a firm that reinvests its earnings at a rate equal to the firm's required return? 6. What factors are likely to be responsible for a firm having low PVGO? 7. What factors influence the value of a company? If you are the manager of a hotel which is in financial difficulty now, what would you explain to the owner regarding increasing the value of a company? Please explain in your own words and give examples