7. Michael's, Inc. just paid $3 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 6 percent. If you require a rate of return of 10 percent, how much are you willing to pay today to purchase one share of Michael's stock? (3 Points) SHOW ALL WORK: Formula: Po Do (1+g)/(R-g) 8. You are analyzing a company that has cash of $8,000, accounts receivable of $18,000, fixed assets of $97,000, accounts payable of $40,000, and inventory of $56,000. What is the quick ratio? (3 Points)