You have just won the lottery and will receive $630,000 in one year. You will receive payments for 30 years, and the payments will increase 4 percent per year. If the appropriate discount rate is 10 percent, what is the present value of your winnings? Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 13 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $11 per share 14 years from today and will increase the dividend by 4 percent per year thereafter. If the required return on this stock is 8 percent, what is the current share price? You want to have $49,000 in your savings account 10 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.3 percent interest, what amount must you deposit each year