Sheridan corp. has been selling electrical supplies for the past 20 years. the company’s product line has changed very little in the past five years, and the company’s management does not expect to add any new items for the foreseeable future. last year, the company paid a dividend of $4.15 to its common stockholders. the company is not expected to increase its dividends for the next several years. if your required rate of return for such firms is 14 percent, what is the current value of this company’s stock? (round answer to 2 decimal places, e. g. 15.25.)

Your take on decision making process

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.