The answer is already given, but I need to know how to solve it step by step.

What is the modified internal rate of return (MIRR) of the below project? Answer in the decimal format (e.g. 10.52% is 0.1052 ) with 4 decimals. If the answer is negative, place a leading hyphen "-" to indicate so. Do NOT use commas in your answer. The relevant cash flows are listed by period. The WACC is 8%. The assumed reinvestment rate is 7%. Selected Answer: [None Given] Correct Answer: 0.0952 tion 13 0 out of 1 points As the current CFO, you are responsible for presenting the dividend policy decisions to the Board of Directors at fiscal year end. You are preparing to present to the Board tomorrow at the annual meeting. You are considering increasing the historically stable dividend, knowing that will decrease future growth Assuming the following information, use the dividend discount model to predict the share price under the new proposal. The required rate of return (RRoR) for investors is assumed to be unchanged by the proposal. The rates given are annual and the dividends are paid once per year, Current Dividend =$14 Current RRoR=17% Current Growth =6% Proposal Dividend increase =$5 Growth decrease =1.7% (absolute value) What is the dollar change in share price? Answer in the conventional $X.XX format and express negative numbers with a "-" after the units (e.g. \$-21). Do NOT use commas in your answer. Selected Answer: [None Given] Correct Answer: 21.13($)