A stock is expected to pay a dividend of $2.50 at the end of the year. The required rate of return is rs = 12.8%, and the expected constant growth rate is g = 5%. What is the stock's current price? $29.76 $32.05 $32.27 $32.49 $32.71 QUESTION 11 A company is considering a project that requires an immediately outlay of $105,000. The project will generate cash flows of $45,000, $51,000, and $57,000 in years 1, 2, and 3, respectively. The WACC is 12%. What is the project's IRR? 18.49% 19.15% 20.53% 21.27% 22.38%