ABC is expected to pay annual dividends of $1.40, $1.75, and $4.00 a share over the next three years, respectively. After that, the dividend is expected to remain constant. What is the current value per share at a discount rate of 10 percent?

Down Under Stores is considering an investment with an initial cost of $236,000. In Year 4, the project will require an additional investment and finally, the project will be shut down in Year 7. The annual cash flows for Years 1 to 7, respectively, are projected as $64,000, $87,000, $91,000, $28,000, $122,000, $154,000, and $39,000. If the discounting approach is used (brining negative cashflows to time zero) applying a discount rate of 13 percent, what is the project's modified IRR (MIRR)?