15. Crestview Office Solutions, Inc. (COSI)just paid a dividend yesterday of $2.25 per share. The company's stock is currently selling for $60 per share, and the required rate of return on COSI stock is 15%. What is the growth rate expected for cosi dividends? (Round your answer to the nearest two decimal places.) a. 9.38% b. 9.76% c. 10.84% d. 11.35% 16. Main Towne Furniture, Inc. (MTFI) is considering a new inventory system that will cost $450,000. The system is expected to generate positive cash flows over the next four years in the amounts of $250,000 in year one, $125,000 in year two, $110,000 in year three, and $80,000 in year four. MTFI's required rate of return is 10%. What is the payback period of this investment project? a. 4.00 years b. 3.02 years c. 2.68 years d. 2.42 years 17. Main Towne Furniture, Inc. (MTFI). is considering a new inventory system that will cost $450,000. The system is expected to generate positive cash flows over the next four years in the amounts of $250,000 in year one, $125,000 in year two, $110,000 in year three, and $80,000 in year four. MTFI's required rate of return is 10%. What is the net present value of this project? a. $90,126 b. $34,875 c. $20,197 d. $17,864 18. Pee Dee Systems, Inc. (PDSI) is evaluating a project requires an initial outlay of $350,000 and has a profitability index of 1.5. The project is expected to generate equal annual cash flows over the next ten years. The required return for this project is 12%. What is this project's forecasted internal rate of return? a. 19.73% b. 23.27% c. 26.84% d. 30.91% 19. The net present value method a. considers the investor's required rate of return b. recognizes the time value of money c. uses all of a project's cash flows d. all of the above