eBook Constant Growth Valuation Woidtke Manufacturing's stock currently sells for $15 a share. The stock just paid a dividend of $1.00 a share (i.e., Do - $1.00), and the dividend is expected to grow forever at a constant rate of 10% 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 Widtke's stock? Do not round intermediate calculations. Round the answer to two decimal places. (Assume the market is in equilibrium with the required return equal to the expected return.) ekook Problem Walk Through Nonconstant Growth Stock Valuation Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of $1.00 coming 3 years from today. The dividend should grow rapidly at a rate of 80% per year during Years 4 and 5. After Year 5, the company should grow at a constant rate of 5% per year. If the required return on the stock is 16%, what is the value of the stock today (assume the market is in equilibrium with the required return equal to the expected return)? Do not round intermediate calculations. Round your answer to the nearest cent. elbook Value of Operations Constant Growth LMC Corporation has never and a dividend. Its current free cash flow of $500,000 is expected to grow at a constant rate of 4.8%. The weighted average cost of capitalis WACC - 12. Calculate LMC's estimated value of operations. Do not round intermediate calculations. Round your answer to the nearest dollar