Management of Oriole, 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 $ Management of Crane Automotive, a manufacturer of auto parts, is considering investing in two projects. The company typically compares project returns to a cost of funds of 17.00 percent. Year 0 1 2 Project 1 $488,871 322.000 111.000 128,500 136,000 Project 2 $507,031 127.750 165,170 220.700 277,050 3 4. Compute the IRRs based on the cash flows. Which project(s) will be accepted? (Round final answer to 2 decimal places, eg, 15.25%.) The IRR of project is % and the project should be % and the project should be The IRR of project 2 is e Textbook and Media rejected Submit Answer mpts: 1 of 3 used Save for Later accepted Using multiple attempts will impact your score. 50% score reduction after attempt 2