5 1 6 6 2.5 3 2 3 2.5 4 4 13 2 C 3 5 2 8 7 Find the shortest (min cost) path From Node 1 to Node 7. Possible answer is 16. Try to solve it the same way we did problem 1 and 2.

Find the shortest(min cost) path from Node 1 to Node 7. Possible answer is 16. Try to solve it the same way we did roblem 1 and 2 . Elsalvador Company has recently discovered a new type of kitty litter which is extremely absorbent. It is expected that the firm will experience (begin nning now) an unusually high growth rate during the first three years. During this period ( 3 years) it has exclusive rights to the property where the raw material used to make this kitty litter is found. It is expected to grow at 20% in the first year, 25% in the second year and 30% in the third year. However, beginning with the fourth year the firm's competition will have access to the material, and from that time on the firm will achieve a normal growth rate of 6 percent annually. During the rapid growth period, the firm's dividend payout ratio will be relatively low 10% in the end of first and second year, then increase to 20% at the end of the third year. From the fourth year onwards the payout ratio will be 50 percent. Last year's earnings were EO=$2.00 per share, and the firm's required return is 12 percent. What should be the current price of the common stock? $34.29 $28.73 $27.40 $26.49