5. Use two stage model of DDM and DCF Model to value the stock price of ABC company and assume that dividends will grow at 5% after 2020. Use the information bellow for the valuation. Assume that you are valuing the company on January 1, 2019. Table 1: WACC Weight Equity 73.6% 8.6% Debt 26.4% 1.9% Preferred equity 0% WACC 6.8% Cost 0% Table 2: Selected financial data for ABC Company Number of shares outstanding Sales per share Earings per share Dividends per share Book value per share Debt 1304 million 19.81 3.64 2.08 15.63 S27,485 million Names Email: Table 3. Analyst's estimated for selected items for ABC Company 2018 2019 (Estimate) FCF $12.497 million S8,734 million Dividends per share S2.08 S2.25 2020 Estimate) S8,431 million $2.22 DDM: S58.86 DCF: S321.52