7. Southern Markets recently paid a S2.80 amnual dividend on its common stock. This dividend increases at an average rate of 3.8 percent per year. The stock is currently selling for $26.91 a share. What is the implied return on this stock? a) 14.21% b) 14.07% c) 14.60% d) 13.88% e) 14.37% 8. Which of the following are advantages of the payback method of project analysis? a) Considers time value of money, liquidity bias. b) Ease of use, arbitrary cutoff point. c) Ignores time value of money, ease of use. d) Liquidity bias, arbitrary cutoff point. e Liquidity bias, ease of use