Question: Lakeside Sheet Metal is downsizing and plans on completely closing 3 years from now. The firm's liquidation plan calls for annual dividends of $4, $6,

Lakeside Sheet Metal is downsizing and plans on completely closing 3 years from now. The firm's liquidation plan calls for annual dividends of $4, $6, and $27 over the next 3 years, respectively. What is the current value of this stock given a discount rate of 11 percent?

a. $36.29

b. $31.83

c. $27.15

d. $28.22

e. $26.41

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