You expect that bean enterprises will have earnings per share of $2 for the coming year. bean plans to retain all of its earnings for the next three years. for the subsequent two years, the firm plans on retaining 50% of its earnings. it will then retain only 25% of its earnings from that point forward. retained earnings will be invested in projects with an expected return of 20% per year. if bean's equity cost of capital is 12%, then the price of a share of bean's stock is closest to:

a) $17.00

b) $10.75

c) $27.75

d) $43.50

At december 31, 2018, newman engineering’s liabilities include the following: $29 million of 5% bonds were issued for $29 million on may 31, 1999. the bonds mature on may 31, 2029, but bondholders have the option of calling (demanding payment on) the bonds on may 31, 2019. however, the option to call is not expected to be exercised, given prevailing market conditions. $33 million of 4% notes are due on may 31, 2022. a debt covenant requires newman to maintain current assets at least equal to 194% of its current liabilities. on december 31, 2018, newman is in violation of this covenant. newman obtained a waiver from national city bank until june 2019, having convinced the bank that the company’s normal 2 to 1 ratio of current assets to current liabilities will be reestablished during the first half of 2019. $26 million of 7% bonds were issued for $26 million on august 1, 1989. the bonds mature on july 31, 2019. sufficient cash is expected to be available to retire the bonds at maturity. required: classify the above mentioned debts as current liabilities or noncurrent liabilities. also, provide corresponding value for the same. (enter your answer in millions (i.e., 10,000,000 should be entered as