Louis Morgan natural foods in pain and annual dividend of $1.37 a share last month. Today the company announced that future dividends will be increasing by 2.8% annually. If we require a return of 11.6% how much we're willing to pay to purchase one share of this stock today

A 11.21

B 15.57

C 22.30

D 182.40

A generous benefactor does a local ballet plans to make a one time endowment which would provide the ballet with a $120000 per year into. Perpetuity the rate of interest is expected to be 6% for all future time periods. How large must the endowment be?

A. $200,000

B. $2,000,000

C $20,000,000

D. $1,200,000