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(Estimated time allowance: 8 minutes) A start-up company named GoGo Inc. has not paid a dividend since inception and is not planning to pay dividends for the next 9 years. At the following year, GoGo will start paying an annual dividend of $32 per share and thereafter it will increase the dividends by 7% per year forever. If the required rate of return on this stock is 15%, what is the price of this stock today? (Estimated time: 4 minutes) What is the modified internal rate of return (MIRR) for the following project? The discounting rate is 11%. (Estimated time allowance: 9 minutes) Thyrel Inc. paid an annual dividend last year of $10 per share. The company follows a policy to raise dividends each year by 4%. The required rate of return for this investment is 10%. The company will be in business for 7 years and not have a liquidating dividend (" " this means there is no future selling price of the stock). What is the price of this stock today