20 The market price of a stock is $37,65 and it is expected to pay a $4.39 dividend next year. The dividend is expected to grow at 3.49% forever. What is the required rate of return for the stock? Submit Answer format: Percentage Round to: O decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09)) 230 A stock just paid a dividend of $1.61. The dividend is expected to grow at 22.20% for three years and then grow at 4.10% thereafter. The required return on the stock is 13.17%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places. #31 Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1.89 million and create incremental cash flows of $880,941.00 each year for the next five years. The cost of capital is 10.60%. What is the net present value of the J-Mix 2000? Submit Answer format: Currency: Round to: 2 decimal places