By-Your-Leave Travel Agency has reported the dividends listed below. What return could be expected? The price of the stock is $18. (Round the growth rate to the nearest whole percent.) Years Dividends 2010 $1.12 2011 $1.15 2012 $1.18 2013 $1.21 2014 $1.24

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is: