1. Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 28 percent for the next three years, with the growth rate falling off to a constant 7.9 percent thereafter. If the required return is 16 percent and the company just paid a dividend of $3.70, what is the current share price?
2. What is the approximate IRR for a project that costs $100,000 and provides eash inflows of $30,000 for 6 years? SHOW CALCULATOR STEPS.