Solar, a maturing solar company, has an expected earnings growth rate of 20% for the next three years. Solare's last EPS was Rs. 5 and the company has a 100% payout policy. Investors require a rate of return of (10 + x)% from similar companies. x = 2 a. What is Solare's share price? b. Solar has a new project opportunity what will commence in year 4. The project will have a ROE of (12 + x)% and will require the company to plowback 40% of its earnings starting year 4. What is the share price if the company announces that it will undertake the project? What is the implied PVGO? C. Solar, a maturing solar company, has an expected earnings growth rate of 20% for the next three years. Solare's last EPS was Rs. 5 and the company has a 100% payout policy. Investors require a rate of return of (10 + x)% from similar companies. x = 2 a. What is Solare's share price? b. Solar has a new project opportunity what will commence in year 4. The project will have a ROE of (12 + x)% and will require the company to plowback 40% of its earnings starting year 4. What is the share price if the company announces that it will undertake the project? What is the implied PVGO? C