#30 A stock just paid a dividend of $2.37. The dividend is expected to grow at 26.24% for three years and then grow at 3.54% thereafter. The required return on the stock is 13.96%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places. #31 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.28 million and create incremental cash flows of $533,952.00 each year for the next five years. The cost of capital is 8.22%. What is the net present value of the J-Mix 2000? Submit Answer format: Currency: Round to: 2 decimal places