1. Hats & Brooms Unlimited is considering a new project. It would require $322 as initial investment. In the next 4 years it would generate profits in the following amounts: $104 in year 1, $77 in year 2, $66 in year 3, and $103 in year 4. The annual return that is required for projects of this kind is 8.3 percent. Calculate the project's net present value.

2.Constantine pays a constant $4.2 dividend on its stock. The company will maintain this dividend for the next 17 years and will then cease paying dividends forever. If the required return on this stock is 10.4 percent, what is the current share price?