4. A stock just paid a dividend of $1.60, has a required rate of return of 14%, and a constant dividend growth rate of 4%. What price should this stock be selling for?

Use the following information to answer the following 2 questions: You have the following information on a project. The cost of capital is 11%.

5. Compute the NPV for Project M.

6. What is the IRR of Project M?

Project M -$37,000 Year 1 8,000 2 8,000 3 9,000 4 12,000 25,000