Suppose a firm just paid $300 million dollars in total dividends. You expect future dividends to grow at a constant rate of 5% per year, forever. If the required return by shareholders is 15.5%, what is the price of the stock? (Assume that there are 115 million shares outstanding) $17.68$28.95$49.78$26.09$52.20 $24.75 $54.80 $32.75 North is considering a project with the following cash flows What is the discounted payback period for this project if the appropriate discount rate is 1 percent