Analyzing Cochlear Limited.Today is 30 June 2019 and you have just been paid a dividend and the next dividend will be received in exactly 1 year (assuming dividend is paid annually). Estimate the growth of your company using the following 3 approaches. Justify your choice of the time horizon and value of your choice in each approach.

a) Historical geometric growth rate

b) Analysts' consensus estimates of future earnings and growth (Based on analyst

recommendation reports)

c) Fundamental analysis (Retention ratio x Return on Equity (ROE))

3. Select an actual growth rate based on the 3 approaches above.