5. An investment opportunity with 8 years useful life costing $100,000 is expected to yield net cash flows of $30,000 annually. Without using PV factor, estimate the IRR.

7. Ape Corporation currently pays a P2.20 annual cash dividend with 5% growth rate. If the required rate of return is 12%, what is the price of the common stock?

8. Boy Corporation currently pays P2.00 annual cash dividend to preferred shares with P10.00 par value. If the required rate of return is 16%, what is the price of the preference stock?