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P 1 0 - 4 Modified ( see problem below for revisions ) J . Pinkman Motors, Inc, paid a $ 2 . 3 5

P10-4 Modified (see problem below for revisions)
J. Pinkman Motors, Inc, paid a $2.35 dividend last year. If J. Pinkman's return on equity is 17 percent and its retention rate is 35 percent, what is the value of the common stock if the investors require a 11 percent rate of return?
\table[[D0=,],[D1=,],[ROE,],[Retention Rate,],[g=,],[r=,],[Value (Price)=,]]
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