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(Estimated time allowance: 4 minutes) FacilSi Corp. plans to pay an annual dividend of $15.7 next year and it will increase the dividend every year
(Estimated time allowance: 4 minutes) FacilSi Corp. plans to pay an annual dividend of $15.7 next year and it will increase the dividend every year by 4% forever. The required rate of return is 12%. What is FacilSi stock price today? Show your answer to the nearest 2 decimals. Do not use the $ sign in your answer. For example, if the answer is $3.237 enter your answer as 3.24 Do not enter it as $3.237. $3.2, 3.2, or 3.237
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