A company, GameMore, has just paid a dividend of $4 per share, D0=$ 4 . It is estimated that the company's dividend will grow at a rate of 18% percent per year for the next 2 years, then the dividend will grow at a constant rate of 6% thereafter. The company's stock has a beta equal to 1.4, the risk-free rate is 4.5 percent, and the market risk premium is 4 percent. What is your estimate of the stock's current price? Round your answer to two decimal places.

Whitewater's stock is trading at $45.00 per share. The stock is expected to have a year-end dividend of $3.10 per share (D₁), which is expected to grow at some constant rate g throughout time. The stock's required rate of return is 12 percent. If you are an analyst who believes in efficient markets, what is your forecast of g? Answer in a percentage without the % sign, and round it to two decimal places, i.e., 10.54 for 10.54% (or 0.1054).

New Mexico Lumber recently reported that its earnings per share were $ 3 .00. The company has 4 00,000 shares of stock outstanding. The company's interest expense was $ 3 00,000. The corporate tax rate is 40 percent. What was the company's operating income (EBIT)? Round it to a whole dollar, and do not include the dollar sign.