A company has unlimited funds to invest at its discount rate. The company should invest in all projects having: Select one: a. an internal rate of return greater than zero. b. a net present value greater than zero. c. a simple rate of return greater than the discount rate. d. a payback period less than the project's estimated life

Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to: