Sydney Ltd is a transport company that was founded 10 years ago. The company provides logistics services and parcel delivery to major retailers in Australia. The business has experienced rapid growth with the growth in online sales in recent years. The founding shareholder of the company, Alex wants to know the value of the shares that he owns in the business. He has enlisted your help in determining the value of Sydney Ltd.'s shares. To allow you to determine the value of the shares, Alex provides you with the following information: Sydney Ltd.'s latest cash dividends paid to the shareholders were $5 per share. Shareholders of the company require a 15% return on investments in shares in the company. According to investment analysts, the dividend of Sydney Ltd is expected to grow at a steady rate of 10% per share. 1. Determine the current value per share of Sydney Ltd. Show all workings. (3 marks) 2. If the shares of Sydney Ltd are currently trading at $112.85 on the Australian Securities Exchange (ASX), are the shares over or under valued? (2 marks)