18.) Sure Tool Company is expected to pay a dividend of $2 in the upcoming year, and it is expected to grow at 5% indefinitely. The risk-free rate of return is 4%, and the expected return on the market portfolio is 12%. The beta of Sure Tool Company's stock is 1.25. What is the intrinsic value of Sure's stock today? Multiple Choice A.) $20.60 B.) $32.50 C.) $12.12 D.) $22.22

20.) Torque Corporation is expected to pay a dividend of $1.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of return is 5%, and the expected market risk premium is 13%. The stock of Torque Corporation has a beta of 1.2. What is the return you should require on Torque's stock? Multiple Choice A.) 12.0% B.) 14.6% C.) 15.6% D.) 20.6% E.) 22.5%