15/3 Boehm Corporation has had stable earnings
growth of 6% a year for the past 10 years, and in 2019 Boehm paid
dividends of $4 million on net income of $10 million. However, net
income is expected to grow by 34% in 2020, and Boehm plans to
invest $7.0 million in a plant expansion. This one-time unusual
earnings growth won't be maintained, though, and after 2020 Boehm
will return to its previous 6% earnings growth rate. Its target
debt ratio...