1. Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 9%. If Duke Energy's current stock price is 77% and the firm plans to pay a dividend of $6.10 next year, what is Duke's cost of common stock equity?
2. Do you agree with statement “ all projects have financial impact and this impact needs to be considered in project decisions”? Please support your answer.