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How to get the finance answers? Thank You! Problem 9.24 Management of Sheridan, a biotech firm, forecasted the following growth rates for the next three

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How to get the finance answers? Thank You!

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Problem 9.24 Management of Sheridan, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. Management then expects the company to grow at a constant rate of 9 percent forever. The company paid a dividend of $2.20 last week. If the required rate of return is 17 percent, what is the value of this stock? (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.20.) Value of stock $Problem 10.05 Crane Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive, and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses a 8 percent discount rate for production system projects. Year System 1 System 2 O -$12,900 -$43,800 12,900 32,500 12,900 32,500 12,900 32,500 15.25.) Calculate NPV. (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round answers to 2 decimal places, e.g. NPV of System 1 is $ and NPV of System 2 is $ In which system should the firm invest? The firm should invest it System 1 Click if you would like System 2

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