$366,250 O $276,500 $412,750 Question 28 9 pts A common stock issue is currently selling for $31 per share. You expect the next dividend next year to be $1.40 per share. If the firm has a dividend growth rate of 5% that is expected to remain constant indefinitely, what is the firm's cost of equity? O 13.8% 11.3% O 15.1% O 14.296 O 9.596 Question 29 9 pts Your firm needs a computerized machine tool lathe, which costs $50,000 and requires $12,000 in maintenance each year of its 3-year life. After 3 years, this machine will be replaced. The machine falls into the MACRS 3-year asset class. Assume a tax rate of 35% and a discount rate of 12%. If the lathe can be sold for $5,000 at the end of year 3, what is the after-tax salvage value