Good afternoon. Picture 2 is the task. Picture 1 excel which need to fill in

Dividend payout ratio 23.6% Fiscal Year 2019 2020 2021 t + 0 2 EPS Dividend AEG LTG CV Value Beta risk free Market Premium Discount factorMorgan Stanley(MS) is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City. With offices in more than 42 countries and more than 60,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 67 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Analysts are forecasting earnings per share of $5.26 for 2020 and $4.99 for 2021. Dividend Payout Ratio is 23.64%. The risk-free rate at the time was about 0.27%, Beta was 1.43, and you require a 6% risk premium for investing in this stock. Value MS using the Abnormal Earnings Growth (AEG) model. Assume that AEG will continue to grow at 1.8% after 2021