Question 1 2015 2016 2017 2018 2019 Repurchases 1,440,000.00 2,410,000.00 3,500,000.00 6,820,000.00 4,830,000.00 Dividends 3,950,000.00 6,407,000.00 7,738,000.00 11,695,000.00 9,930,000.00 Total Cash Paid to Equity Holders Compounded Annual Growth (Hint: What is the growth between 2015 to 2019 on an annual compounded (2015 - 2019) basis) Cost of Equity, re 25.00% Valuation Current Equity Pay-out (Hint: Pay-out in 2019) Growth (Hint: from B7) Value of Total Equity (Hint: Current Pay-out * (1+g)/re - g) Number of Shares Outstanding 10,000,000 Value per Share (Hint: B15/B16)