Felt water furniture has 120000 shares of stock outstanding, Financial Management

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Felt water furniture has 120000 shares of stock outstanding

Felt water Furniture has 120,000 shares of stock outstanding. The firm expects to earn net income of $325,000 next year with annual increases of 3 percent per year thereafter. The firm also expects to pay out 75 percent of its net income in dividends and share repurchases. The required return is 14 percent. What is its share price?

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Financial Management: Felt water furniture has 120000 shares of stock outstanding

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Financial Management: Felt water furniture has 120000 shares of stock outstanding

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