Take Time Corporation will pay a dividend of $4.05 per share next year. The company pledges to increase its dividend by 5.75 percent per year, indefinitely. If you require a return of 9 percent on your investment, how much will you pay for the company’s stock today?
At December 31, 2016 the Net Property, Plant & Equipment (NPPE) of Dalt, Inc was $604.1 million and at December 31, 2017 NPPE was $565.7 million. Net income in 2017 was $(312.2) million and depreciation for the year was $63.8 million. What are the estimated capital expenditures for 2017?