Estimate a discount rate for Microsoft Corporation assuming the treasury rate =2 and the stock market premium =17

Given the summary quote below of Microsoft Corporation: Previous Close 235.77 1.823T Open 238.47 Market Cap Beta (SY Monthly) PE Ratio (TTM) 0.81 Bid 241.45 x 800 36.03 Ask 241.46 X BOO EPS (TTM) 6.71 Day's Range 237.05 - 242.06 Apr 20, 2021 May 02, 2021 Earnings Date Forward Dividend & Yield 52 Week Range 150.36 - 246.13 2.24 (0.95%) Volume 18,845,480 Ex-Dividend Date May 18, 2021 30.542,073 Avg. Volume 272.71 1y Target Est Source: finance, yahoo.com (2021) 2- Given the financial highlights below, estimate the sustainable growth rate. Financial Highlights Fiscal Year Fiscal Year Ends Jun 29, 2020 Most Recent Quarter (mrq) Dec 30, 2020 Profitability Profit Margin 33.47% Operating Margin (ttm) 39.24% Management Effectiveness Return on Assets (ttm) 12.81% Return on Equity (ttm) 42.709 Source: finance.yahoo.com (2021) 3- Calculate the expected stock price using the constant dividend growth rate model. 4- Calculate the expected stock price using the two-stage dividend growth model assuming the firm will initially grow at a rate gl (sustainable growth rate calculated in section 1) for 4 years, and thereafter, it will grow at a rate (g2 =4%) forever