The common stock of Ding Dong is currently selling for $30.47 per share. The company's current earnings per share and dividend per share are $1.20 and $0.80 respectively. Its dividend is growing at a modest rate of 5.80% per year. Based on the information provided, compute the required rate of return on its common stock. Express the rate in percent but do not use the percent sign, just the number. 17 pts) Answer: Assume that the risk-free rate of return (R) is 5% and return on the market portfolio is 8.19 percent. Compute the required rate of return on a security that has a beta of 165. Keep two digits after the decimal point and express in percentage. Do not use the percent sign in the answer. (6 pts) Answer: Your company is considering of buying a machine which is expected to generate the following cash flows: 131212 in year 1,244373 in year 2 and 303854 in year 3. The machine costs 329876. If the appropriate required rate of return for the project is 14%, compute the net present value (NPV) of the machine. Do not use any comma in the final answer. (10 pts)