Mac Food is primarily a producer of meats, but the company also has a large, processed foods segment. Macs dividends per share are growing at a constant rate for the past four years (12%).

Calculate Cost of Equity(re) for MAC using Gordon per share dividend method (if current stock price is 28.46

\begin{tabular}{|c|c|} \hline Date & Dividendspershare \\ \hline 29-Aug-01 & 0.0400 \\ \hline 28-Nov-01 & 0.0448 \\ \hline 27-Feb-02 & 0.0502 \\ \hline 29-May-02 & 0.0562 \\ \hline 28-Aug-02 & 0.0629 \\ \hline 26-Nov-02 & 0.0705 \\ \hline 26-Feb-03 & 0.0790 \\ \hline 28-May-03 & 0.0884 \\ \hline 27-Aug-03 & 0.0990 \\ \hline 26-Nov-03 & 0.1109 \\ \hline 26-Feb-04 & 0.1242 \\ \hline 27-May-04 & 0.1391 \\ \hline 30-Aug-04 & 0.1558 \\ \hline 29-Nov-04 & 0.1745 \\ \hline 25-Feb-05 & 0.1955 \\ \hline 30-Aug-05 & 0.2189 \\ \hline 27-Feb-06 & 0.2452 \\ \hline 30-May-06 & 0.2746 \\ \hline \end{tabular}