empossible Foods has become a big plant-based food business over the recent years. The company expects to pay its first dividend of $1.10 one year from today. Dividends are then expected to grow at a rapid rate of 30% from next year onwards for 3 years and then at a constant growth rate of 8%. The required rate of return is 16%. You have been asked to conduct a share valuation: 1. What should the current value of Impossible food's shares be? Show workings (4 marks) 2. If the market price of the share is $50, is the share over-priced, under-priced or fairly priced? (2 marks

required rate of return is 16%. You have boen asked to chmhurs a shire voliature 1. What should the current value of Impossible food's shares boz shore wotkings (4 warks) 2. If the market price of the share is $50, is the share over-priced, uncher-priced ot think pricest (2. rmarks)