QUESTION 23 Schnusenberg Corporation just paid a dividend of D, = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.25, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price? O a $14.52 b. $14.89 O c $15.26 O d. $15.64 Oe. $16.03 QUESTION 24 Based on the corporate valuation model, Wang Inc.'s total corporate value is $750 million. Its balance sheet shows $100 million notes payable, $200 million of long-term debt, $40 million of common stock (par plus paid-in-capital), and $160 million of retained earnings. What is the best estimate for the firm's value of equity, in millions? a. $386 b. S406 c. $428 d. S450 e $473