An investor with a required return of 14 percent for very risky investments in common stock...

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An investor with a required return of 14 percent for very risky investments in common stock has analyzed three firms and must decide which, if any, to purchase. The information is as follows: Firm A B C Current earnings $2.00 $3.20 $7.00 Current dividend $1.00 $3.00 $7.50 Expected annual growth rate in dividends and earnings 7% 2% -1% Current market price $23 $47 $60 An investor with a required return of 14 percent for very risky investments in common stock has analyzed three firms and must decide which, if any, to purchase. The information is as follows: Firm A B C Current earnings $2.00 $3.20 $7.00 Current dividend $1.00 $3.00 $7.50 Expected annual growth rate in dividends and earnings 7% 2% -1% Current market price $23 $47 $60