Sunshine company operates retail sunglass kiosks in, Ask an Expert

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Sunshine Company operates retail sunglass kiosks in shopping malls. Below is information related to the company. Required rate of return on equity (RE) is 8.5%. Assuming that steady-state growth in year 2022 and beyond will be 4% (i.e. g). 2017 2018 2019 2020 2021 2022 Dividends to Common Equity (in thousands) $412 $478 $636 $827 $950 $1,284 Common Shares Outstanding (in thousands) 1,512 Calculate the present value of continuing value of Sunshine at the start of 2022 using the perpetuity-with-growth model. $2,512.23 $18,976 $1,403.28 $21,488.2

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92414698

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