FIN2001 company has reported earnings $100,$102 and $970 for three consecutive years, respectively. Also, the reported beginning book value of equity is $1012,$1100 and $1005. 1. What will be the equity value given the cost of capital is 9% ? (5 marks) 2. What will be the equity value per share if the total number of shares outstanding is 150 ? ( 3 marks) 3. What will be your recommendation if the current market price of the stock is $15? ( 2 marks) (Hint: is the stock under-, over-, or fairly valued). Show your answers and workings in the space provided; or write your answer on paper, take a photo and upload it (spreadsheet is also acceptable)