Rapido SA provides fast-paced on-demand personal tuition in finance through an app. Started only nine years ago, demand for the companys services has quadrupled during 2020 due to the COVID pandemic, with increased profitability as a result. The most recent pay-out was EUR3.25 per share and is expected to grow at 4.5% per annum. Assume Rapido pays 7% interest on their 5-year bank loan and that investors required rate of return on equity is 8%.