8. The ABC Corporation has just paid a dividend of $5.65 per share. The dividend of this company grows at a steady rate of 6 percent per year. a) What will the dividend be in seven years (D5) ? b) What is the (current) price of this stock if the required return is 15 percent? c) What is the price of this stock in year 4 ? 9. The next dividend payment by XYZ Co. will be $3.98 per share. The dividends are anticipated to maintain a 3 percent growth rate, forever. If XYZ stock currently sells for $230.4 per share, what is the required return? 10. You invest $250 per month for the next 30 years at a 7% annual interest rate, starting today (beginning payment), compounded monthly. How much are you going to have at the end of the 30th year? 11. Based on the following information and required return of 15%. a. What is the payback period of Project A ? b. What is the NPV of both project? c. What is the IRR of Project A? d. Find the profitability index of Project B. e. Which project should we choose