Cuban corporation will pay a dividend of $2.66 per share next year. the company pledges to increase its dividend by 5 percent per year indefinitely. if you require a return of 10 percent on your investment, how much will you pay for the company’s stock today? (do not round intermediate calculations. round your answer to 2 decimal places, e. g., 32.16.)

Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?