$I\%=(6\mathrm{.}61)$

$PV=-1035\mathrm{.}50$

$Pht=1000*0\mathrm{.}0675=67\mathrm{.}0$

$FV=$lon.

e$.6\mathrm{.}17$ percent

e New York Jets have paid a constant annual dividend of $$1\mathrm{.}77$ a share for the past $10$ years.

sterday, they announced the dividend will increase next year by $18$ percent and will stay at the

vel through year three, after which time the dividends will increase by $5$ percent annually. The

quired return on this stock is $14$ percent. What is the current value per share?

a$.25\mathrm{.}51$

$($b$)21\mathrm{.}03$

c$.21\mathrm{.}30$

d$.24\mathrm{.}73$

The NFL increases its annual dividend by $6\mathrm{.}70$ percent annually. The stock sells for $$69\mathrm{.}69$ a share at

a required return of $19$ percent. What is the amount of the last dividend this company paid?

$($a$.)3\mathrm{.}50$

b$.8\mathrm{.}30$

c$.8\mathrm{.}33$

d$.8\mathrm{.}03$

e$.$ Cannot calculate with the given information

The YES Network is considering a project with an initial cost of $$727,000.$ The project will not

produce any cash flows for the first three years. Starting in year four, the project will produce cash

inflows of $$571,000$ a year for years $$1$ and $2777,000$ in year three. This project is risky, so the

firm has assigned it a discount rate of $19$ percent. What is the project's net present value?

a$.$ $$469,691\mathrm{.}45$

b$.$ $$141,058\mathrm{.}23$

c$.$ $$70,361,64$

d$.$ $$469,961\mathrm{.}45$

e$.$ $$70,631\mathrm{.}64$

A project has the following cash flows. What is the payback period, NPV and IRR if the discount rate

percent?

Year

CashFlow