The operations of Jorge Corporation are divided into the Northern Division and the Eastern Division. Projections for the next year are as follows:
Required:
a. Operating income for Jorge Corporation, as a whole, if the Eastern Division were dropped would be:
b. If Eastern Division is dropped, Northern's sales will increase by 20%. What will Jorge Corporation's operating income be?
Definitions:
Dividend Growth Model
A model that determines the current price of a stock as its dividend next period, divided by the discount rate, less the dividend growth rate.
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