4. (20pts) OMET is a start-up company that provides services for online meetings with its current earnings at $1 per share. It is expected that its earnings will grow at 25% per year in the next three years, during which the company will not pay dividends. Afterwards the company will adopt a plowback ratio of 60% for 10 years and thereafter pay out all its earnings as dividends. The ROE of the company is expected to be 20% from Year 4 to 13 and 10% thereafter. (1) (3pts) Suppose the company's = 2. The market risk premium is 8% and the risk-free rate is 1%. What is the required rate of return for OMET? (2) (12pts) Calculate the current intrinsic value of OMET shares. (3) (5pts) If the COVID-19 pandemic ends much earlier than expected, what is your view on how OMET's intrinsic value would change