2. Stock evaluation 20pts a. Refer to the data for Briggs \& Stratton stock (ticker symbol BGG). Assuming the firm's historical growth rate of 6% is expected to continue for the foreseeable future, what is this stock's internal rate b. Given a required rate of return on BGG stock is 9.5%, evaluate it as an investment. (Clearly state what you recommend and why.) c. Consider British Telecom stock (BTY). The growth rate in earnings and dividends over the past ten years has averaged 3%, but analysts believe growth will rise to about 4.5% for the foreseeable future. Assuming you believe that an appropriate required rate of return for this stock is 12%, evaluate BTY tock using the net present value approach