Question: A firm does not pay a dividend. It is expected to pay its first dividend of $0.42 per share in two years. This dividend will

A firm does not pay a dividend. It is expected to pay its first dividend of $0.42 per share in two years. This dividend will grow at 10 percent indefinitely. Use an 11.5 percent discount rate.

Compute the value of this stock. (Round your answer to 2 decimal places.)

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c. Time off. Employees who achieve sales goals established by management could earn up to four hours of paid time off each week.

Explain how to reward individual and team performance.

a. Employee-of-the-month awards for highest sales. (A special plaque would be used to recognize each monthly winner.)