Constant Growth Valuation Boehm Incorporated is expected to pay a $3.60 per share dividend at the end of this year (1.e., D - $3.60). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, r, is 17%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent. Preferred Stock Rate of Return Nick's Enchiladas Incorporated has preferred stock outstanding that pays a dividend of $3 at the end of each year. The preferred sells for $60 a share. What is the stock's required rate of return? (Assume the market is in equilibrium with the required return equal to the expected return.) Round the answer to two decimal places. % Value of Operations Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the next 2 years, respectively; after the second year FCF is expected to grow at a constant rate of 9%. The company's weighted average cost of capital is 13%. a. What is the terminal, or horizon, value of operations? (Hint: Find the value of all free cash flows beyond Year 2 discounted back to Year 2.) Round your answer to the nearest cent S b. Calculate the value of Kendra's operations. Do not round intermediate calculations. Round your answer to the nearest cent EHO A-Z