8. Your firm is considering a project with the following timeline and cash flows: l Year 0: $14,000 l Year 1: $2,880 l Year 2: $3,146 l Year 3: $2,548 l Year 4: $3,682 What's the IRR statistic for the project, and should the firm accept or reject the project if the appropriate cost of capital is 11 percent? A. 11.4 percent; Accept B. 5.2 percent; Reject C. 2.8 percent; Reject D. 14.2 percent; Accept

9. Sterling Candy Shops, Inc., has a net income of $840,000 and retained earnings necessary to fund positive NPV projects of $500,000. If the company has 2,000,000 shares outstanding, how much in dividends per share should the company pay out according to the residual dividend model? A. $0.27 B. $0.15 C. $0.24 D. $0.17