An investment offers $6,700 per year, with the first payment occurring one year from now. the required return is 6 percent. a. what would the value be today if the payments occurred for 15 years? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. what would the value be today if the payments occurred for 40 years? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. what would the value be today if the payments occurred for 75 years? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) d. what would the value be today if the payments occurred forever? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

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