ABC Company is set to pay a $2.45 dividend during the next period and the required rate of return is 5%. If we assume a 3% growth rate on each dividend, what would be the expected value of the stock using this method? 122.50 136.74 49.00 126.18 81.67 FIN Company: Balance Sheet as of December 31 ($ million) Cash Account receivables Inventories Total current assets $40 $40 $20 $100 $40 Account Payables ? Notes payable $160 Other current liabilities $310 Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity $450 Total liabilities and equity $140 $114 Net fixed assets Total assets; $450 FIN Company: Income Statement for Year Ended December 31 ($ million) $800.0 ($73.0) ($12.0) Net sales Cost of goods sold (80% of net sales) Gross profit (EBITDA) Amortization Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (20%) Net Income ($4.5) Industry Average Ratios Quick ratio Fixed assets turnover ratio Debt ratio Total assets turnover ratio Times interest earned (TIE) ratio Profit margin Inventory turnover ratio Return on total assets (ROA) Days sales outstanding (DSO) Return on equity (ROE) 1.0 6.0 30.0% 3.0 7.0 3.0% 8.5 9.0 24 days 12.9%