Assuming two investments have equal lives, a high discount rate tends to favor: the investment with large positive cash flow(s) late. the investment with even (flat) yearly cash flow(s). the investment with large positive cash flow(s) early. neither investment since they have equal lives. Question 14 4pts LCP, a new medical group, just paid (moments before time 0 ) a dividend of $1.00. These dividends are expected to grow at 20% a year for the next two years (i.e., t=1 and t=2 ), and at 4% a year thereafter. What is the value of the stock if the discount rate is 12% ? Greater than $18 Equal to $15 Between $17 and $18 Between $15 and $16