19. Which of the following does NOT have limited liability?

Select one:

a. corporations

b. limited partnerships

c. sole proprietorships

d. none of the above

21. Plants, Inc. had sales of $200 million in 2017, and its cost of sales was $160 million in 2017. If sales are expected to grow at 20% in 2018, compute the forecasted cost of sales in 2018 using the percent of sales method.

Select one:

a. $96 million

b. $132 million

c. $176 million

d. $192 million

e. $204 million

22. The dividend just paid on Sun, Inc.s common stock is $4.15, and dividends grow at 4%. If the required rate of return is 10%, then what is the value of common stock?

Select one:

a. $41.50

b. $43.16

c. $69.17

d. $71.93

e. $107.90