Report Imagine that the value of the SP500 is 3980. Last 12-months' dividends and buybacks were 162.00 and are projected to grow over the next 5 years at 3.5%. After that the long-run growth rate is 1%. Risk free rate is 1%. Compute the implied ERP. (Use this illustration for January 2019 ERP as a jumping off point. Once you computer, don't forget to subtract out Rrf to get implied ERP.) Expected cask growth in years Cash Row grove To Ditres (Te B( 3440 Casos (T13 SAP 303an 11 2500 6.8 5.6 4.6 6.3 P500-41% NO US P 13436 34725 - 5 inglet y Pan ()-1-2- Imagine that the value of the SP500 is 3980. Last 12-months' dividends and buybacks were 162.00 and are projected to grow over the next 5 years at 3.5%. After that the long-run growth rate is 1%. Risk free rate is 1%. Compute the implied ERP. (Use this illustration for January 2019 ERP as a jumping off point. Once you compute r, don't forget to subtract out Rrf to get implied ERP.)