1. Stana, Inc., has preferred stock outstanding that sells for $92.76 per share. If the required return is 3.48 percent, what is the annual dividend?

2. Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $3.76 every year in perpetuity. If the required return is 3.89 percent, what is the current stock price?

3. A project will generate annual cash flows of $237,000 for each of the next three years, and a cash flow of $273,800 during the fourth year. The initial cost of the project is $764,800. What is the internal rate of return of this project?