1) JJ Industries will pay a regular dividend of $2.30 per share for each of the next four years. At the end of four years, the company will also pay out a liquidating dividend. If the discount rate is 7 percent, and the current share price is $64, what must the liquidating dividend be?

2) Lauryns asset beta is 1.10. Calculate the appropriate FCF discount rate assuming a risk-free rate of 3 percent and a market risk premium of 7 percent