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ABC Industries is a fast-growing company with earnings growth expected of 20% for the next 5 years. Given this you expect that the company should

ABC Industries is a fast-growing company with earnings growth expected of 20% for the next 5 years. Given this you expect that the company should be valued at 100% premium to the market multiple, your estimate is that the market multiple will be 20x. Given that your forecast for 2024 ESP is $10. What is your valuation of the shares today if the required rate of return per CAPM is 12%? Assume that it is the end of 2021 and that the company does not pay a dividend

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