Use the following to answer questions 17-20 bull plans to open a dou lde bathing center in a pinent will cost $56.000. Bill s the after-tax cash into annually for 8 years after which he plans to scrap the equip of Jamaica 8 bathing center in a storefront. The bathing xpects the after-tax cash inflows to be $15,000 sto scrap the equipment and retire to the beaches 17. What is the project's payback period? A) 2.79 years B) 3.03 years C) 3.73 years D) 4.33 years E) 5.67 years 18 19. Assume the required return is 10%. What is the project's NPV? A) $ 9.887 B) $13,354 C) $14,759 D) $20,029 E) $24.024 Assume the required return is 20%. What is the project's IRR? Should it be accepted? A) 16%, yes B) 16%; no C) 21%; yes D) 21%; no E) 28%; indifferent Assume the required return is 20%. What is the project's Pl? Should it be accepted? A) 0.89: yes B) 0.89; no C) 1.00; indifferent D) 1.03: yes E) 1.03; no 20. 21. The stock of MTY Golf World currently sells for $90 per share. The firm has a constant dividend growth rate of 6% and just paid a dividend of $5.09. If the required rate of return is 12%, what will the stock sell for one year from now? A) S 90.00 B) S 95.40 C S 97.40 D) $ 99.80 E) $112.78