A customer configures a popular brand's laptop online with the exact arrangements that fit her needs, from the color to the memory capacity of the laptop. At the company's assembly plant, specialized automated systems are employed to guide and control the transformation processes. This is an example of .

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?