Question: need help with questions 19 and 20 Question 19 (4 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid

need help with questions 19 and 20 need help with questions 19 and 20 Question 19 (4 points) Growing,

Question 19 (4 points) Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $8.70. You believe that dividends will grow at a rate of 11.0% per year for two years, and then at a rate of 6.0% per year thereafter. You expect the stock will sell for $81.16 in two years. You expect an annual rate of return of 13.0% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now? $109.31 $129.44 O $80.50 O $144.06 O $155.95 Question 20 (4 points) You are considering buying common stock in Grow On, Inc. You have calculated that the firm's free cash flow was $8.40 million last year. You project that free cash flow will grow at a rate of 7.0% per year indefinitely. The firm currently has outstanding debt and preferred stock with a total market value of $20.35 million. The firm has 2.76 million shares of common stock outstanding. If the firm's cost of capital is 21.0%, what is the most you should pay per share for the stock now

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