year, nothing in two years, mmon in three years. After that, it will stop repurchasing and will issue dividends totaling $ 25 million in four years. The total paid in dividends is expected to increase by 3.2 % per year thereafter. If Tolo has 1.6 million shares outstanding and an equity cost of capital of 10.7 %, what is its price per share today? 4- You are getting ready to start a new project that will incur some cleanup and shutdown costs when it is completed. The project costs $ 5.40 million up front and is expected to generate $1.10 million per year for 10 years and then have some shutdown costs at the end of year 11. Use the MIRR approach to find the maximum shutdown costs you could incur and still meet your cost of capital of 15.0 % on this project. 5- RiverRockS realizes that it will have to raise the financing for the acquisition of Raft Adventures by issuing new debt en