Sheila won the lottery She will have a choice of receiving $40,000 at the end of each year for the next 30 years, or a lump sum (one-time payment) today. If she can earn a return of 8 percent on her investment, what is the: minimum amount she should be willing to accept today as a lump-sum payment? \begin{tabular}{|} $444,4755 \\ $424,917.1 \\ $450,311.3 \\ $427,363.9 \\ \hline$461,589.7 \\ \hline \end{tabular} Question 16 The Fellini Company iust paid a dividend of $0.80 per share, and that dividend is expected to grow at a constant rate of 7.50% per year in the future. The company's beta is 1.45, the market risk premium is 6.00%, and the riskfree rate is 3.00%. What is the company's current stock price, P0 ? $19.08$20.04$19.56$21.16$20.48