$1.$Bukit Mahkota Incorporation is considering a cash purchase of Serambi Malaya's stock. During the year just completed, Serambi. Malaya earned RM$4\mathrm{.}50$ per share and paid cash dividends of RM$2\mathrm{.}30$ per share $(Do=2\mathrm{.}30).$

Serambi Malaya's earnings and dividends are expected to grow at $20\%$ per year for the next $2$ years, after which they are expected to grow at $5\%$ per year forever.

What is the maximum price per share that Bukit Mahkota should pay for Serambi Malaya, if it has a required return of $12\%$ on investments with risk characteristics similar to those of Serambi Malaya?

$2.$ Singa Company is contemplating acquiring another company, i$.$e$.$ Syarikat Simba.

You are tasked to calculate Syarikat Simba's current $2023$ stock price.

Calculate the current stock price using the discounted Free Cash Flow $($ FCF $)$ approached based on the following information.

$\backslash$table$[[1,$Current Debt: RM $50$ million$],[2,$Preference Share : RM$4$ per share with $3$ million shares outstanding$],[3,$Number of common shares outstanding: $50$ million$],[4,$Expected FCF in $2024$: RM $25$ million$],[5,$Future FCF growth rate beyond $2025$:$5\%$