20. You own a store that is expected to make annual cash flows forever. The cost of capital for the store is 19.13 percent. The next annual cash flow is expected in one year from today and all subsequent cash flows are expected to grow annually by 4.18 percent. What is the value of the store if you know that the cash flow in 3 years from today is expected to be 27,000?

21. You own two investments, A and B, that have a combined total value of 75,584 dollars. Investment A is expected to make its next payment in 1 month. As next payment is expected to be 380 dollars and subsequent payments are expected to grow by 0.4 percent per month forever. The expected return for investment A is 0.96 percent per month. Investment B is expected to pay 221 dollars each quarter forever and the next payment is expected in 3 months. What is the quarterly expected return for investment B? Answer as a quarterly rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

22. Oxygen Optimization just bought a new filtration system for 180,900 dollars. To pay for the filtration system, the company took out a loan that requires Oxygen Optimization to pay the bank a special payment of 119,000 dollars in 4 year(s) and also make regular annual payments forever. The first regular payment is expected in 1 year and is expected to be 1,600 dollars. All subsequent regular payments are expected to increase by a constant rate each year forever. The interest rate on the loan is 13.85 percent per year. What is the annual growth rate of the regular payments expected to be? Answer as an annual rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.