$ Dividend paid Dividend growth rate Required return 2.34 4.5% 37.00 $ Output area: Dividend yield Capital gains yield Sales Shares outstanding Benchmark PS1 Benchmark PS2 $ 2,100,000 130,000 4.3 3.6 hint: PS - Price/Sales Output area: Sales per share Stock price at PS of Stock price at PS of 4.3 3.6