Sweatshirts Unlimited is downsizing. The company paid a $2.55 annual dividend last year. The company has announced plans to lower the dividend by 20 percent each year. Once the dividend amount becomes zero, the company will cease all dividends and go out of business. You have a required rate of return of 17 percent on this particular stock given the company's situation. What are your shares in this firm worth today on a per share basis

The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?