b) The management agreed that a ratio analysis provide a measure of the company's performance. They have chosen Sezzle as Afterpay's

comparable company. Would you choose Sezzle as a comparable company? Why or why not? There are other BNPL companies that we

could use as comparable companies. Discuss whether it is appropriate to use any of the following companies: Splitit, EML Payments,

FlexiGroup, Zip, OpenPay, FuturePay, LayBuy, Affirm, PayPal Credit, Klarna. Explain your answer.

c) Estimate the current market price of Afterpay equity. Suppose that Afterpay expects to pay dividends of $5.75, $6.00, $7.50, and $8.00 per share for the next four years. Thereafter, the company expects its growth rate to be at a constant rate of 6%. If this information is communicated to the market, and the market's required rate of return is 12%.

d) You are required to recommend (to the management) a "buy", "hold" or "sell" strategy for Afterpay so that the management can make a better decision on the theoretical value of their company prior to investors' roadshow. Explain your recommendation.