If you can answer both questions will like and comment

12. A start-up will not pay any dividends for the first three years. At the end of the fourth year,it is expected to pay a dividend of $0.60. This dividend should then grow at a rate of 10% for four years (until the end of year 8), and at a reduced rate of 5% thereafter. The market required rate of return for similar high growth start-up companies is 15%. What is the price of the company's shares today? A. $ 4.59 B. $ 5.24 C. $ 5.49 D. $ 5.88 E. $ 6.03 14. You are considering a project with an initial cost of $7,500. What is the payback period for this project if the cash inflows are $1,100, $ 1,640, S$ 3,800, and S 4,500 a year over the next 4 years, respectively? A. 3.21 years B. 3.28 years C. 3.38 years D. 4.21 years E. 4.29 years