1. Zen Tek Corp's next expected dividend, D1, is $3.05; its growth rate is 6.1%; and its common stock now sells for $35.10. New stock (external equity) can be sold to net $33.20 per share. What is Zen Tek Corp's cost of new common stock, re? Round your answer to two decimal places. Show your work to receive full credit
2. You are considering a project that promises you cash flows of 920 USD at the end of year 1, and 742 usd at the end of year 2. The cost to buy into the project is 1,028. What is the internal rate of return (IRR) on this project? Enter answer in percents, accurate to 2 decimal places.