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Nabax owns investment A and 1 share of stock B. The total value of his holdings is $960. Stock B has an annual expected return

  1. Nabax owns investment A and 1 share of stock B. The total value of his holdings is $960. Stock B has an annual expected return of 9.36 percent. The stocks next annual dividend is expected to be $8.42 in 1 year and all subsequent dividends are expected to grow annually by 2.37 percent forever. Investment A has an expected return of 12.69 percent and is expected to pay X per year for a finite number of years such that its first annual payment is expected later today and its last annual payment is expected in 9 years from today. What is X, the annual cash flow made by investment A? Round your answer to the nearest cent (for example, -123.45 or 98.76).

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