4. Tesla Inc. recently surpassed Ford Motor in market capitalization. The table has some information about Tesla and a few competitors. Dividend pay-out ratio Expected return on equity (the discount rate) Long growth estimate (g) Tesla Inc 12.50% General Motors Co 12.61% 1.66% Toyota 10.71% 5.66% Honda Motor Co 13.04% 2.23% Please complete the following Table (you can find information in yahoo finance /statistics). Then, use this information to answer the following question: Tesla has experienced losses recently, and it will produce losses also next year (year 1), but analysts predict $1.2 earnings per share in two years (year 2). Assume that Tesla will start paying dividends also in two years (year 2). The dividend pay-out ratio will be the current median pay-out ratio of the industry (excluding Tesla). Honda Motor Co 13.04% 2.23% Please complete the following Table (you can find information in yahoo finance /statistics). Then, use this information to answer the following question: Tesla has experienced losses recently, and it will produce losses also next year (year 1), but analysts predict $1.2 earnings per share in two years (year 2). Assume that Tesla will start paying dividends also in two years (year 2). The dividend pay-out ratio will be the current median pay-out ratio of the industry (excluding Tesla). Tesla earnings are expected to grow at 35% for the 3 years after declaring earnings (for years 3, 4 and 5), and they will then decline to the current industry average of long-term growth (use the competitors the table) after year 5, a stable growth that Tesla will maintain in perpetuity. Question: What is the theoretical price of Tesla using this information? 6.6 7.7 O 9.1 2.8 O O 4.6