Industrial Industries is considering opening a new 5 year project. The project will require investments in property, plant, and equipment totalling $8.5 million and an initial investment in net working capital of $1 million. The operating cash flows are expected to be $1 million the first year and are expected to increase by $1 million in each of the four remaining years. At the end of the project, they will recover the net working capital, and they expect to sell their equipment, producing an after tax cash flow of $2 million. Based on the riskiness of the project, they require a return of 18%. What is the IRR of this project?

Question 11 options:

	19.32%
	18.58%
	18.95%
	17.84%
	19.51%

Amalgamated Industries is growing quickly. Dividends are expected to grow at a 20 percent rate for the next 5 years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 10 percent and the company just paid a $3.00 dividend. what is the current share price? (Do not round your intermediate calculations.)

Question 12 options:

	$119.30
	$120.47
	$125.15
	$116.96
	$122.81