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Question 5 (3 points) A young start-up company needs to plow back its earnings to fuel growth. The company will pay no dividends on its

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Question 5 (3 points) A young start-up company needs to plow back its earnings to fuel growth. The company will pay no dividends on its stock until it pays its first dividend of $16 per share 13 years from today. Thereafter, it will increase the dividend by 4 percent per year. If the required return on this stock is 9 percent, what is the current share price? Enter your answer as dollars with 2 digits to the right of the decimal point in the box shown below. Your Answer: Answer Question 6 (3 points) An investment project has annual cash inflows of $3,100, $4,000, $5,300, and $6,200 for the next four years, respectively. The discount rate is 10 percent. What is the payback period for these cash flows if the initial cost is $16,000? Enter your answer as years with 2 digits to the right of the decimal point in the box shown below. Your

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