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Question 1 2 pts The following information is available from INDIANA INC's 2019 financial statements and an analyst's expectations of INDIANA INC.s income statement and

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Question 1 2 pts The following information is available from INDIANA INC's 2019 financial statements and an analyst's expectations of INDIANA INC.s income statement and balance sheet for the fiscal years ending on December 31, 2020 and December 31, 2021: 2019 2020E 2021E Beginning-of-year Equity 1,000,000 1,050,000 1.060,000 Net Profit 90,000 140,000 137,800 The analyst estimates INDIANA INC's cost of equity to be 10%. Calculate the analyst's expected market value of equity for INDIANA INC. on January 1, 2019 using the abnormal profit model if the analyst estimates that the company's abnormal profit growth for 2022 and beyond equals 4% annually

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