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i need a solution for this please The following financial information relates to LULU C'is a listed company. Year 2021 2020 2019 Dividends (T25 Millions)

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The following financial information relates to LULU C'is a listed company. Year 2021 2020 2019 Dividends (T25 Millions) 5.1 4.8 Equity market value (TZS Millions) 56.4 552 54.0 LULU Co bas 12 million ordinary shares in issue and has not issued any new shares in the period under review. The company is financed entirely by equity, and is considering investing TZ$9.2 million of new finance in order to expand existing business operations. This new finance could be through new equity via a rights issue. The rights issue price would be at a 20% discount to the current share price. Issue costs of TZS 200,000 would have to be met from the cash raised. LULU Co has a cost of equity of 12% per year.. . " Required: (a) Calculate the total equity market value of LULU Co for 2021 using the dividend growth model and briefly discuss why the dividend growth model value may differ from the current equity market value (b) Calculate the theoretical ex rights price per share for the proposed rights issue

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