Feltwater Furniture has 134,000 shares of stock outstanding. The firm expects to earn net income of $286,000 next year with annual increases of 4 percent per year thereafter. The firm pays out 70 percent of its net income in dividends. The required return is 16 percent. What is the share price?

Answer rating: 100% (QA)

To calculate the share price of Feltwater Furniture we can use the Gordon Growth M... View the full answer