What is tull book value of common shareholders equity

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Question - Tull Company forecasts comprehensive income of $30,000 in 2021 and $40,000 in 2022. Tull withdraws 30% of comprehensive income each year to pay dividends. Tull's book value of common shareholders' equity at the beginning of 2021 is $150,000. Tull's cost of common equity capital is 8% and weighted average cost of capital is 6%. What is Tull's book value of common shareholders' equity at the end of 2022?

Reference no: EM133168672

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