After all foreign and u. s. taxes, a u. s. corporation expects to receive 2 pounds of dividends per share from a british subsidiary this year. the exchange rate at the end of the year is expected to be $1.29 per pound, and the pound is expected to depreciate 5% against the dollar each year for an indefinite period. the dividend (in pounds) is expected to grow at 10% a year indefinitely. the parent u. s. corporation owns 10 million shares of the subsidiary. what is the present value in dollars of its equity ownership of the subsidiary? assume a cost of equity capital of 11% for the subsidiary.

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.