Question: Skateboard Park Development Corp (SPDC) is expected to have EPS of $9.60 in Year 6 and to retain 60% of its earnings at the end

Skateboard Park Development Corp (SPDC) is expected to have EPS of

Skateboard Park Development Corp (SPDC) is expected to have EPS of $9.60 in Year 6 and to retain 60% of its earnings at the end of Year 6. If SPDC has a 14% equity cost of capital and you expect its share price at the end of Year 6 to be $98, what would you be willing to pay for a share of stock at the beginning of Year (round to the nearest cent: $xx.xx)

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