PAG reported earning per share of Year. Assume a beta etoB, a risk-free rate of 45 percent, and a mature market type where, the # of alphabets of your first name and b-the # of alphabets of your (For example, Minwoo Song> 6 and b4 and hence risk premium is (6+4/ 25%) Now, we estimated a 3 percent growth rate, in conjunction with earnings and dividends for the native years and discounting these dividends back at the cost of equity, we arrive at a cumulative value of SY per share for the dividends during these five years. YEARS SUM YEAR 1 $10 YEAR 2 (1) YEAR 3 (2) YEAR 4 (3) (5) Earnings per share Payout ratio Dividends per share Cost of equity (8) (9) (10) (6) (7) (11) (14) (15) (16) (17) (12) (13) Present value (1) Complete the table above.(5pt) After year 5, we assume that P&G will be in stable growth, growing 3 percent year (just below the risk-free rate). To go with the lower growth, we assume that the firm would pay out 75 percent of its earnings as dividends and face a slightly higher cost of equity of 8.5 percent. (ii) Obtain the value per share.(5pt) PAG reported earning per share of Year. Assume a beta etoB, a risk-free rate of 45 percent, and a mature market type where, the # of alphabets of your first name and b-the # of alphabets of your (For example, Minwoo Song> 6 and b4 and hence risk premium is (6+4/ 25%) Now, we estimated a 3 percent growth rate, in conjunction with earnings and dividends for the native years and discounting these dividends back at the cost of equity, we arrive at a cumulative value of SY per share for the dividends during these five years. YEARS SUM YEAR 1 $10 YEAR 2 (1) YEAR 3 (2) YEAR 4 (3) (5) Earnings per share Payout ratio Dividends per share Cost of equity (8) (9) (10) (6) (7) (11) (14) (15) (16) (17) (12) (13) Present value (1) Complete the table above.(5pt) After year 5, we assume that P&G will be in stable growth, growing 3 percent year (just below the risk-free rate). To go with the lower growth, we assume that the firm would pay out 75 percent of its earnings as dividends and face a slightly higher cost of equity of 8.5 percent. (ii) Obtain the value per share.(5pt)