4 The Bell Weather Company is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 17 percent a year for the next 4 years and then decreasing the growth rate to 4 percent per year. The company just paid its annual dividend in the amount of $3.10 per share. What is the current value of one share of this stock if the required rate of return is 8.60 percent? 5 Alpha Industries is considering a project with an initial cost of $8.7 million. The project will produce cash inflows of $1.87 million per year for 7 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.82 percent and a cost of equity of 11.41 percent. The debt-equity ratio is .67 and the tax rate is 39 percent. What is the net present value of the project