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Question 8 UNILAD QUESTION Last year, Stylish Masks Inc (SMI) earned $15 per share and reinvested all of its earnings in the company, SM expects
Question 8 UNILAD QUESTION Last year, Stylish Masks Inc (SMI) earned $15 per share and reinvested all of its earnings in the company, SM expects to continue to relvent all of its coming in the company at the end of years 1-7. At the end of year 8, SMI will distribute 25% of the year 8 earnings to investors. Mearns a return on its investments in new projects of 13%, what do you expect the year 8 dividend to be? (round to the nearest cent: $xxx)
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