Caspian Sea Drinks needs to raise $49.00 million by issuing additional shares of stock. If the market estimates CSD will pay a dividend of $2.20 next year, which will grow at 3.92% forever and the cost of equity to be 13.79%, then how many shares of stock must CSD sell?

Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.44 million and create incremental cash flows of $830,865.00 each year for the next five years. The cost of capital is 11.61%. What is the net present value of the J-Mix 2000?