A firm will pay a dividend of $2.48 next year. The dividend is expected to grow at a constant rate of 2.94% forever and the required rate of return is 14.60%. What is the value of the stock?

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation