ABC is considering an investment with an initial cost of $200,000. In Year 4, the project will require an additional investment and finally, the project will be shut down in Year 5. The annual cash flows for Years 1 to 5, respectively, are projected as $94,000, $99,000,-$28,000, $170,000, and -$10,000. If all negative cash flows are moved to Time O using a discount rate of 13 percent, what is the project's modified IRR IS x percent. 16.77 ABC is considering an investment with an initial cost of $200,000. In Year 4, the project will require an additional investment and finally, the project will be shut down in Year 5. The annual cash flows for Years 1 to 5, respectively, are projected as $94,000, $99,000,-$28,000, $170,000, and - $10,000. If all negative cash flows are moved to Time 0 using a discount rate of 13 percent, what is the project's modified IRR is 16.77 * percent. XYZ recently paid a per share dividend of $1.48. Dividends are expected to increase by 2.5 percent annually. What is one share of this stock worth at the end of year 1 if the appropriate discount rate is 14 percent? Answer: 13.52