6) You want to quit your job and go to an MBA program. Currently you have $45,000 saved, and you can save $20,000 per year. If you saved the amount in a bank you would get 5% annual return. The tuition for total MBA program is as follows.. Today: $75,000 Next year: $80,000 Two-years later: $95,000 Three-years later: $110,000 When will you have enough money to start MBA program? 7) When you retire, you expect to live for another 30 years. During those 30 years, you want to get $4,000 per month at the beginning of every month for living expenses. How much money do you need to have when you retire? Assume 8% rate of return on your savings? 8) Miller juice just paid'$3 dividend. The company is expected to pay $3:50 dividend next year and $4 in two-years. After that dividends will grow at 5% forever, if investors want a 12% return on Miler stock, what should be the current stock price of Miller? (2-stage model)