Hard Corporation expect to have warning this coming year of $3.023 per share. Hatod plans to retain all of its earnings for the next two years. Then for the subsequent two years, the form will retain 56of tas carrings. It will retain 20% of caring from the power Each year, and Gamings will be invested in new projects with an expected return of 100 per year. Any earnings that are not retained will be paid out as dividends. Assume Halford's share count remains constant and learnings wh comes from the investment of ned earnings Haliford's gay cost of capital is 5% what price would you estime for Halford shares? The share price will be Round to the nort) Which of the following are limitations of the dividend-discount model? (Choose all correct responses.) A. It cannot be used to value non-dividend paying shares. B. It cannot be used to value companies that do not pay out all of their earnings as dividends. C. It fails to take into account the time value of money. D. It relies in forecasts of future dividends, which are frequently uncertain. Zoom Enterprises expects that one year from now it will pay a total dividend of $5.3 million and repurchase $5.3 million worth of shares plans to spend $10.6 milion on dividends and repurchases every year after that forever, though it may not always be an even split between dividends and repurchases. Ir Zoom's cost of equity capital is 13.9% and it has 4.7 milion shares outstanding, what is to share price today? The price per share is (Round to the nearest cant)