Earnings per Share QUESTION 4 (30 MARKS) a. The following information relates to Cuscapi Berhad and Zecon Berhad. Zecon Berhad RM6.50 Cuscapi Berhad RM7 Return on Equity 15% Current Dividend per Share RM1.80 8% RM0.90 Dividend Growth Rate 5% 3% Required Rate of Return 12% 10% Required: i. Calculate the dividend payout ratio for both companies. (4 marks) ii. Calculate the intrinsic value for both companies using the Dividend Growth Model. (4 marks)