HiTech Co is expected to pay a 25 pence dividend this year. If you expect HiTech's dividend to grow by 4% per year forever the company's equity cost of capital to be 10%, then the value of a share of HiTech's stock is closest to Select one alternative: 7.25 O 4.33 17.00 O 12.44 Which one of the following decisions for project appraisals takes into account the Time Value of Money? Select one alternative: Average rate of return (ARR) All of the above Payback period O Net present value (NPV)