Neptune Corporation recently paid its annual dividend of $1.19. Dividends have consistently grown at a rate of 7%. The stock has a beta of 0.88. The current risk-free rate is 3.46% and the market return is 10.9%. Assuming that CAPM holds, what is the intrinsic value of this stock

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above