Youre trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $1,858,500, $1,911,800, $1,880,200, and $1,333,700 over these four years, what is the projects average accounting return (AAR) in %? (Round the final answer to 2 decimal places.) (omit % sign).

The ABC Co. just paid a dividend of $3.4 per share on its stock. The dividends are expected to grow at a constant rate of 8.7% per year indefinitely. If investors require a 9.7% return on The ABC Co. stock, answer the following: (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) What will the price be in 11 years