The stock of Takone, Inc. currently sells for $15.00 per share. The company just paid a dividend of $2.10 per share and the current market price per share (i. e., $15.00) is based on investor belief that the dividends of the company will remain constant forever. Unknown to the market, however, is that Takone is about to announce the introduction of a modified product line that will cause the future earnings and therefore dividends of the company to grow at a rate of 4 percent per year forever, starting today. This new growth rate will begin with the dividend to be paid one year from today. The modified product line will not in any way impact the required rate of return for the stock of Takone, Incorporated. Assuming that the market reacts rationally, what will be the new stock price of Takone, Incorporated after the announcement? a. $21.00.
b. $15.00.
c. $21.84.
d. $15.76.

Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate