5. Blunderbluss Manufacturing's balance sheets report $215 million in total debt, $64 million in short-term investments, and $45 million in preferred stock. Blunderbluss has 5 million shares of common stock outstanding. A financial analyst estimated that Blunderbuss's value of operations is $845 million. What is the analyst's estimate of the intrinsic stock price per share? Round your answer to the nearest cent.

6. DPS Calculation

Thress Industries just paid a dividend of $4.00 a share (i.e., D₀ = $4.00). The dividend is expected to grow 8% a year for the next 3 years and then 11% a year thereafter. What is the expected dividend per share for each of the next 5 years? Do not round intermediate calculations. Round your answers to the nearest cent.

D₁ = $ __

D₂ = $ __

D₃ = $ __

D₄ = $ __

D₅ = $ __

7. Boehm Incorporated is expected to pay a $2.50 per share dividend at the end of this year (i.e., D₁ = $2.50). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, r_s, is 16%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent.

8. Constant Dividend Growth Valuation

Woidtke Manufacturing's stock currently sells for $16 a share. The stock just paid a dividend of $2.80 a share (i.e., D₀ = $2.80), and the dividend is expected to grow forever at a constant rate of 4% a year. What stock price is expected 1 year from now? Do not round intermediate calculations. Round your answer to the nearest cent.

$ __

What is the estimated required rate of return on Woidtke's stock (assume the market is in equilibrium with the required return equal to the expected return)? Do not round intermediate calculations. Round the answer to two decimal places.

__%