JBT company just paid a dividend of $3. Dividends are expected to grow at a constant rate of 3% forever, and the required return for the company is 14%. You buy the stock at these conditions. One year later the company pays D1 as expected and then immediately announces news about the company. Because of the new information, investors suddenly expect the constant growth rate in the stock will be 6%. What is your rate of return on this investment if you sell the shares after the news is announced?

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.