1- Suppose ABC company , just paid a dividend of per share . It is expected to increase its dividend by 2 % per year . If the market requires a return of 10 % on assets of this risk , how much should the stock be selling for ?

2- An investor is considering an opportunity that will provide $ 350,000 one year from now , $ 450,000 two years from now , and $ 650,000 hree years from now . If the appropriate discount rate is 10 % , then the present value of this opportunity is closest to :