21. What is the pre What is the present value of a growing pernity of $60.000 that starts at the end o Year 7 and grows at a 4% annual rate> The Dropriate discount rate is 10% A. 564.474 B. 513,158 C. 521,450 D. 573,123 22. The stock of a company that is expected to pay a $3.00 di at an annual rate of 11% is currently selling for $30.00 per share. market require on this security? to pay a $3.00 dividend in one year and grow thereafter y selling for $30.00 per share. What rate of return does the A. 21.00% B. 19.33% C. 20.00% D. 18.00% is the current price of a share of stock for a firm with $5 million in balance sheet equity. 500,000 shares of stock outstanding, and a price/book value ratio of 4? A. $2.50 B. $10.00 C. $20.00 D. $40.00 24. Lamm Corporation is expected have EBIT of $6.2M this year. Lamm Corporation is in the 40% tax bracket, will report $1.2M in depreciation, will make $1.4M in capital expenditures, and w have a $160,000 increase in net working capital this year. What is Lamm's FCFF? A. 6,200,000 B. 6,160,000 C. 3,360,000 D. 3,680,000 1 ruired retur