General Importers announced that it will pay a dividend of $1.00 per share one year from today. After that, the company expects a slowdown in its business and will not pay a dividend for the next 6 years. Then, 8 years from today, the company will begin paying an annual dividend of $1.00 forever. The required return is 9.00 percent. What is the price of the stock today?

Moving to another question will save the Quen 15 of 17 Question 15 2 points data The Manama Co, is considering adding a new product line that is expected to increase annual sales by $342,000 and expenses by $230,000. The project will require $11964 in depreciated using the straight-ane method to a zero book value over the 7-year ite of the project. The company has a marginal tax rate of 20 percent. What is the depreciation tax sh Moving to another question will save this response Question 15 of 17