Answer the following questions. Table 6-4 or Table 6-5. (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.)

Required:

a. Spencer Co.'s common stock is expected to have a dividend of $4 per share for each of the next eight years, and it is estimated that the market value per share will be $111 at the end of eight years. If an investor requires a return on investment of 14%, what is the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Maximum price = Please show work

b. Mario bought a bond with a face amount of $1,000, a stated interest rate of 8%, and a maturity date fourteen years in the future for $990. The bond pays interest on an annual basis. Three years have gone by and the market interest rate is now 12%. What is the market value of the bond today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Market value = Please show work

c. Alexis purchased a U.S. Series EE savings bond for $100, and eight years later received $185.08 when the bond was redeemed. What average annual return on investment did Alexis earn over the eight years?

Alexis's average annual return on investment = Please show work clearly I would like to understand this problem Thank you!!!!