how do you answer the second question with exhibit 1 by dcf analysis?

Exhibit 1 Bega Cheese Income Statement, 2012-2016 (A$ millions) Year Ending June 30 2015 2014 (a) 2016 2013 2012 Revenue Cost of Goods Sold Gross Profit SG&A Other Exp./(Inc.) Operating Profit Net Interest Exp. Other Non. Oper. Inc./(Exp.) Profit Before Tax Other Items Income Tax Expense Net Income $1,196.0 $1,042.6 $153.4 $117.9 ($6.0) $41.5 $3.5 $1.8 $39.9 $0.0 $11.1 $28.8 $1,112.6 $991.5 $121.1 $109.1 ($6.5) $18.6 $3.1 $1.0 $16.4 $0.0 $4.0 $12.4 $1,069.4 $942.5 $126.9 $104.2 ($7.3) $30.0 $3.3 $66.9 $93.6 $0.0 $27.5 $66.1 $1,004.4 $874.3 $130.0 $96.9 ($6.5) $39.6 $6.8 $2.6 $35.3 $0.0 $9.9 $25.4 $932.9 $817.5 $115.4 $88.2 $0.0 $27.1 $7.1 $7.0 $27.1 ($2.9) $6.7 $17.5 7.5% 4.0% 6.5% 7.7% 0.1% Financial Ratios Revenue Growth Margins Gross Margin Operating Margin Net Margin (Return on Sales) Return on Equity (ROE, end of year) Return on Invested Capital (ROIC) 12.8% 3.5% 2.4% 8.8% 7.7% 10.9% 1.7% 1.1% 4.0% 3.7% 11.9% 2.8% 6.2% 21.0% 6.3% 12.9% 3.9% 2.5% 9.7% 7.6% 12.4% 2.9% 1.9% 7.1% 5.6% 2070 2470 297 2070 11.86 6.00 9.09 5.82 3.82 $34.0 $22.3 $63.8 $18.7 $22.3 $40.9 $27.9 $22.0 $52.0 $27.7 $20.7 $60.3 $27.6 $20.7 $47.9 Interest Cover (Op. Prof./Net Int. Exp.) Profitability & Cash Flow Capital Expenditures Depreciation & Amortization EBITDA Stock Price & Share Information Weighted Avg. Shares Outstanding Closing Stock Price (June 30) Market Capitalization (millions) Earnings per Share (cents) Dividends per Share (cents) Payout Ratio 152.5 136.9 152.6 $5.66 $864 $0.189 $0.095 50% $4.33 $660 $0.081 $0.085 105% 152.1 $4.87 $741 $0.434 $0.085 20% 151.8 $2.58 $392 $0.168 $0.075 45% $1.60 $219 $0.128 $0.065 51% Exhibit 1 Bega Cheese Income Statement, 2012-2016 (A$ millions) Year Ending June 30 2015 2014 (a) 2016 2013 2012 Revenue Cost of Goods Sold Gross Profit SG&A Other Exp./(Inc.) Operating Profit Net Interest Exp. Other Non. Oper. Inc./(Exp.) Profit Before Tax Other Items Income Tax Expense Net Income $1,196.0 $1,042.6 $153.4 $117.9 ($6.0) $41.5 $3.5 $1.8 $39.9 $0.0 $11.1 $28.8 $1,112.6 $991.5 $121.1 $109.1 ($6.5) $18.6 $3.1 $1.0 $16.4 $0.0 $4.0 $12.4 $1,069.4 $942.5 $126.9 $104.2 ($7.3) $30.0 $3.3 $66.9 $93.6 $0.0 $27.5 $66.1 $1,004.4 $874.3 $130.0 $96.9 ($6.5) $39.6 $6.8 $2.6 $35.3 $0.0 $9.9 $25.4 $932.9 $817.5 $115.4 $88.2 $0.0 $27.1 $7.1 $7.0 $27.1 ($2.9) $6.7 $17.5 7.5% 4.0% 6.5% 7.7% 0.1% Financial Ratios Revenue Growth Margins Gross Margin Operating Margin Net Margin (Return on Sales) Return on Equity (ROE, end of year) Return on Invested Capital (ROIC) 12.8% 3.5% 2.4% 8.8% 7.7% 10.9% 1.7% 1.1% 4.0% 3.7% 11.9% 2.8% 6.2% 21.0% 6.3% 12.9% 3.9% 2.5% 9.7% 7.6% 12.4% 2.9% 1.9% 7.1% 5.6% 2070 2470 297 2070 11.86 6.00 9.09 5.82 3.82 $34.0 $22.3 $63.8 $18.7 $22.3 $40.9 $27.9 $22.0 $52.0 $27.7 $20.7 $60.3 $27.6 $20.7 $47.9 Interest Cover (Op. Prof./Net Int. Exp.) Profitability & Cash Flow Capital Expenditures Depreciation & Amortization EBITDA Stock Price & Share Information Weighted Avg. Shares Outstanding Closing Stock Price (June 30) Market Capitalization (millions) Earnings per Share (cents) Dividends per Share (cents) Payout Ratio 152.5 136.9 152.6 $5.66 $864 $0.189 $0.095 50% $4.33 $660 $0.081 $0.085 105% 152.1 $4.87 $741 $0.434 $0.085 20% 151.8 $2.58 $392 $0.168 $0.075 45% $1.60 $219 $0.128 $0.065 51%