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Question

Finance

Category

2014

2015

Accounts payable

16,200

????

Accounts receivable

48,600

44,500

Accruals

24,300

16,200

Cash

81,000

98,000

Common Stock

64,800

81,000

COGS

56,700

64,800

Depreciation expense

0

4,300

Gross fixed assets

121,500

????

Interest expense

6,400

8,100

Inventories

40,500

60,800

Long-term debt

81,000

89,100

Net fixed assets

101,500

121,500

Notes payable

44,800

37,200

Operating expenses (excl. depr.)

12,100

16,200

Retained earnings

40,500

60,800

Sales

105,300

121,500

Taxes

4,860

6,480

Please show me the steps

The risk-free rate is 2.00%, the market risk premium is 5.00% and a stocks beta is 1.10. The stock will pay a dividend of $2.00 per share forever. The stock should sell for $________.

37.74

26.67

35.71

59.52

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