Woidtke manufacturing's stock currently sells for $29 a share. the stock just paid a dividend of $2.60 a share (i. e., d0 = $2.60), and the dividend is expected to grow forever at a constant rate of 6% a year. (a) what stock price is expected 1 year from now? do not round intermediate calculations. (b) what is the estimated required rate of return on woidtke's stock? round your answer to the nearest cent.

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be: