Microtech corporation is expanding rapidly and currently needs to retain all of its earnings, hence it does not pay dividends. however, investors expects microtech to begin paying dividends, beginning with a dividend of $1.00 coming 3 years from today. the dividend should grow rapidly-at a rate of 50 percent per year-during years 4 and 5, but after year 5 growth should be constant 8 percent per year. if the required return on microtech is 15 percent, what is the value of the stock today?

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.