1. Assume D1 = $18.21, Ke = 14.90% using the Preferred Stock Dividend Valuation Model (the No Growth Model), compute P0 Round the answer to two decimal places.
2. How did FedEx use technology to improve its competitive market position up to its first Internet application in 1996?
3. Pancake Village had sales of $1.5 million with depreciation of $350,000 and other operating costs that ran 35% of sales. They paid $180,000 in dividends with a tax rate of 40% and interest expense of $280,000. What was their Operating Cash Flow?