1. You are spending some time reading stock analyst reports. You read one report that says the following. "Using a basic discount rate of 15% and our projected year-end earnings per share as shown below and terminal growth rate of X%, we estimate the current fair value of the stock to be $15.50." Year(s) 0 1 2 3 4 Year 5 and thereafter Earnings $1.00 $1.50 $1.75 $2.00 $2.25 and growing by X% each year thereafter. NPV $15.50 What is X%? Use one decimal. For example, "2.3%" Show your work or describe what you did to get your answer. Don't forget to give a number, not just the description