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1. ABC, Inc., has a beta of 1.19. The risk-free rate is 2.91% and the market risk premium is 7.89%. What is the required rate

1. ABC, Inc., has a beta of 1.19. The risk-free rate is 2.91% and the market risk premium is 7.89%. What is the required rate of return on ABC's stock? Note: Convert your answer to percentage and round off to two decimal points.

2.

Based on the following cash flows, calculate the payback period.

Year CF 0 -$159 1 $16 2 $42 3 $35 4 $304 Enter your answer rounded off to two decimal points.

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