A startup will start paying dividends at the end of year 6. The initial growth rate is 10%. This growth rate will continue until year 10. Starting from year 11, the growth rate drops to 5%. The discount rate is 20%. What should the price be at the end of year 5 if the initial dividend is $10.

a. $116.29

b. 76.46

c. 85.49

d. 62.90

e. 58.14

Find out the missing cash flow in the following project, given that the project's NPV is 1,200 and the cost of capital is 5%

Year	Cash Flow
1	1,100
2	2,000
3	?
4	500

a. $2,073

b. $-2,073

c. $-1,521

d. $-2,400

e. $-3,021