Gilmore, inc., just paid a dividend of $2.65 per share on its stock. the dividends are expected to grow at a constant rate of 6 percent per year, indefinitely. assume investors require a return of 10 percent on this stock. what is the current price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) current price $ what will the price be in five years and in fourteen years? (do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.) price five years $ fourteen years $

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)