Maurer, Inc., has an odd dividend policy. The company has just paid a dividend of $4 per share and has announced that it will increase the dividend by $4 per share for each of the next five years, and then never pay another dividend. If you require a return of 12 percent on the company's stock, how much will you pay for a share today? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) Current share price I. 2,310 Power Lean Accounting Vintage Audio Inc. manufactures audio speakers. Each speaker requires $100 per unit of direct materials. The speaker manufacturing assembly cell Includes the following estimated costs for the period: Speaker assembly cell, estimated costs: Labor $47,330 Depreciation 6,350 Supplies 1,730 Total cell costs for the period $57,720 The operating plan calls for 185 operating hours for the period. Each speaker requires 15 minutes of cell process time. The unit selling price for each speaker is $271. During the period, the following transactions occurred 1. Purchased materials to produce 690 speaker units. 2. Applied conversion costs to production of 655 speaker units, 3. Completed and transferred 630 speaker units to finished goods. 4. Sold 600 speaker units There were no inventories at the beginning of the period. . Journalize the summary transactions (1)-(4) for the period, Round the per unit cost to the nearest cent and use in subsequent computations. If an amount box does not require an entry, leave it blank