$5)$ In building your capital market assumptions about US Large Cap Equities, analysts have provided you the following information for projections regarding the S&P$500$:

Dividend Yield $2\mathrm{.}5\%$

Earnings Growing from $175\mathrm{.}43$ to $187\mathrm{.}23$

PE Multiple Growing from $27\mathrm{.}3$x to $29\mathrm{.}3$x

Inflation $4\mathrm{.}5\%$

Based on the Building Blocks approach $($Method#$1)$ and the data provided, what is your expected return for US Large Cap Equities? $(2$pts$)$

Note: The S&P $500$ is Large Cap US Equities Index

E$[$r$]$Large Cap