d. $8,113,212,899 12. A stock just paid a dividend of $2.14. The dividend is expected to grow at 19.76% for three years and then grow at 3.97% thereafter. The required return on the stock is 13.65%. What is the value of the stock? a. $32.94 b. $36.17 c. $26.06 d. $34.03 13. Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.24 million and create incremental cash flows of $714.351.00 each year for the next five years. The cost of capital is 10.11%. What is the net present value of the J-Mix 2000 ? a. 1,460,360 b. 1,574,213 c. 1,504,980 d. 2,331,755 14. Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.95 million and create incremental cash flows of $526,274.00 each year for the next five years. The cost of capital is 9.56%. What is the internal rate of return for the J-Mix 2000? a. 9.83% b. 10.90% c. 9.56% d. 13.12%