The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.35 per share on its stock. The dividends are expected to grow at a constant rate of 3 percent per year indefinitely. Investors require a return of 10 percent on the company's stock. a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the stock price be in 3 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What will the stock price be in 15 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current price b. Stock price in 3 years Stock price in 15 years c. a-2. Which project should be adopted based on the net present value approach? Project A Project B b-1. Compute the approximate internal rate of return of each project. Internal Rate of Return % % Project A Project B b-2. Which one should be adopted based on the internal rate of return approach? Project A Project B