Bacon Co. is considering a project that will produce cash inflows of $72,000 a year for three years followed by $60,000 a year for the following four years. What is the internal rate of return if the initial cost of the project is $200,000? 27.70 percent 25.62 percent 21.16 percent 23.42 percent

The common stock of Pistachio Inc. is selling for $80 a share and has a 12 percent rate of return. The growth rate of the dividends is 5 percent annually. What is the amount of the next dividend?

		$5.60
		$7.24
		$6.28
		$4.82