1. Ben Dover Company's last dividend was $1.55, dividends are expected to grow at a rate of 6% forever. If the required return is 11%, what is its current stock price? a. $30.57 b. $31.00 c. $32.49 d. $33.86 e. $35.04
2. CRC stock has a required return of 18%. The expected market return is 14% and the risk-free rate is 5%. What is the beta of the CRC stock? a. 0.93 b. 1.29 c. 1.44 d. 2.00 e. 2.60
3. Finn Systems is considering a new investment whose data are shown below. What is the project's NPV? WACC 10.0% Initial Investment $45,000 CFAT (for 5 years) $23,745 a. $14,050 b. $25,045 c. $118,725 d. $45,012 e. $90,012.