Your company is losing a significant amount of market share and thus its managers have decided to

decrease the firm's annual dividend. The last annual dividend was $$2\mathrm{.}27$ a share but all future dividends

will be decreased by $7\mathrm{.}5\%$ annually. What is a share of your company's stock worth today if you require

a rate of return of $14\mathrm{.}5\%?$

a$.$ $$9\mathrm{.}54$

b$.$ $$4\mathrm{.}28$

c$.$ $$9\mathrm{.}45$

d$.$ $$4\mathrm{.}82$

e$.$ $$9\mathrm{.}50$

A project has the following cash flows. What is the internal rate of return?

a$.10\mathrm{.}28\%$

b$.9\mathrm{.}75\%$

c$.2\mathrm{.}80\%$

d$.2\mathrm{.}08\%$

e$.11\mathrm{.}23\%$