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You understand that Hammock Company plans to pay a common dividend of $2 per share one year from today, and a common dividend of $3

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You understand that Hammock Company plans to pay a common dividend of $2 per share one year from today, and a common dividend of $3 per share in year two. Additionally, you estimate the value of Hammock's common stock at the end of year two will be $22 per share. If your required return on Hammock's stock is 14 %, what should be the value of its stock today? Submit your answer with a "S" and 2 decimals. For example, if your answer is 234.5678, submit your answer as $234.57 fill in blank Walt Disney Corporation is deciding whether to create a holographic device. What is the payback period for this project if it requires an initial investment of $180,000 and is expected to generate annual cash inflow of $40,000 for each of the first three years, $25,000 per year for years four and five, and $50,000 per year for years six through eight? Input your answer rounded to 1 decimal. For example, if your answer is 12.46 years, input your answer as 12.5. fill in blank years

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