Question 12: Calculate the payback period for the following four year project: initial cost is $15,000; annual cash inflows are $3,550, $4,970, $3,600, and $4,000 respectively. (1 Point) 3.1 years 3.3 years 3.5 years 3.7 years 3.9 years Question 13: The Jack Frost Co. is increasing its annual dividend, paid in one year from today, to $2.50. The firm is setting a policy for the dividend to increase by 1% annually thereafter. If the required rate of return is 12%, how much will one share of this stock be worth 3 years from now? (1 Point) $23.65 $23.42 $23.18 $20.61 $20.41 Question 14: (1 Point) You are buying a condo today at a price of $312,000, and are paying $32,000 down in cash. You are financing the balance with monthly payments for 25 years at 6 percent annual percentage rate. What is the amount of each loan payment? $1,804.04 $1,848.30 $2.010.22 $2,618.30 $2,848.04