Afamily purchased a $90,000 lot to build a custom home. at the date of closing, the lot was assessed at $84,550 and the tax rate was $1.91 / $100 assessed valuation. when they completed the home, the assessment increased by $235,000 to include the new construction. if the monthly tax escrow is based on the assessed value, what will the monthly tax escrow be?

Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to: