What is the rate of return on common stockholders' equity if net income before taxes is $21,200, sales are $200,000, and common stockholders' equity is $76,000?

Given the following cash flows for a capital project, calculate the NPV and IRR. The required rate of return is 8 percent.

Year 0 1 2 3 4 5 Cash flow ?50,000 15,000 15,000 20,000 10,000 5,000 A. $1,905 10.9% B. $1,905 26.0% C. $3,379 10.9%

The Western State Company's common stock is expected to pay a $2.00 dividend in the coming

year. If investors require a 17% return and the growth rate in dividends is expected to be 8%, what will the market price of the stock be? A) $22.22 B) $11.76 C) $24.00 D) $23.11