Find the FRED Economic Data website maintained by the St. Louis Fed. Find the 10-year yield at the end of the day on December 30, 2022 (Dec. 31, 2022 is not a trading day). To do so, use the search function to find the series "Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis". Next, find GM Motors' stock on the Yahoo!Finance website. Document the following: - From the 'Summary' tab near the top of the page, find 'Beta (5 Yr Monthly)'. - From the 'Statistics' tab near the top of the page, find the 'Return on Equity (ttm)' 'Implied Shares Outstanding,' 'Trailing P/E', 'Diluted EPS (ttm)', and 'Quarterly Earnings Growth (yoy)' for the 'Current' period. - From the 'Historical Data' tab near the top of the page, find the 'Adj Close' price at the end of the day on 12/30/2022. - From the 'Financials' tab near the top of the page, find the 'Cash Dividends Paid,' 'Operating Cash Flows,' 'Capital Expenditures,' 'Net Long-Term Debt Issued,' and 'Net Short-Term Debt Issued' found on the cash flow statement and the 'Diluted NI Available to Com Stock" on the income statement for the year ending 12/31/2022. - Assume the expected return to the market is 10.5%. 10. Calculate the equity cost of capital (k) assuming a CAPM world. 11. Calculate the firm's retention rate (aka, plowback ratio). 12. Calculate the fundamental growth rate. 13. Calculate the fundamental forward P/E ratio. 14. Using the adjusted closing price on 12/30/2022, calculate the implied forward earnings per share. 15. Calculate the annual dividends paid on a per share basis for the fiscal year ending 12/31/2022. 16. Calculate the intrinsic stock price of GM using the Dividend Discount Model (DDM) and the dividend calculated in the prior question. Is GM overpriced or underpriced relative to the closing price on 12/30/2022? Explain briefly. 17. Calculate the Free Cash Flow to Equity Model (FCFE) on a per share basis for the fiscal year ending 12/31/2022 using the method that starts with the Operating Cash Flow (CFO). (Ignore the free cash flow number provided on the site at the bottom of the cash flow statement, this is the free cash flow to the firm.) 18. Calculate the intrinsic value of GM shares using the FCFE model. Is GM overpriced or underpriced relative to the closing price on 12/30/2022? Explain briefly. 19. Assume instead a two-stage growth model. For the first three years, assume GM will grow FCFE 10% per year, and 5\% thereafter. Calculate the intrinsic value. Is GM overpriced or underpriced relative to the closing price on 12/30/2022? Explain briefly. 20. Go the 'Statistics' tab for GM, Ford, and Tesla on Yahoo!Finance and find the valuation measures for these companies for the 'current' period. Compare the forward P/E ratio to the PEG ratio. Which firm has the lowest implied growth rate? 21. Based on the PEG ratio, which firm looks more attractive as a buy? Based on the trailing P/E ratio, which stock is a better buy for value investors? 22. Assume GM's P/E ratio will increase to value of the forward P/E of Ford over the next year. Using GM's implied EPS from a prior question, calculate the expected 1-year holding period return relative to the closing price on 12/30/2022? 23. Assume instead that GM's P/E ratio approaches that of Tesla over the next year. Using the implied EPS, calculate the expected 1-year holding period return relative to the closing price on 12/30/2022? 24. GM CEO Mary Barra has announced a complete transition away from traditional internal combustion engine (ICE) vehicle production in favor of electric vehicle (EV) production over the next decade. Assume Ford represents the ICE industry and Tesla represents the EV industry. Identify several financial ratios in the 'Statistics' tab on Yahoo!Finance for Ford and Tesla that identify what area of the industry life cycle each company/industry is in; Ford (ICE) vs. Tesla (EV)