Tarek Corp reported a book value for its 568.6 million common shares of $5, 650 million on December 31.2016. Analysts are forecasting EPS of $3.36 for 2017 and $3.60 for 2018, and the indicated dividend per share is $1.36 for both 2017 and 2018. Accepting these forecasts as valid, and using a required equity return of 9% deal with the following. Prepare a table of terminal value at the end of 2018, based on the following forecasts: Residual earnings will remain constant after 2018 Residual earnings will grow at 2% after 2018 Residual earnings will grow at 4% after 2018 Tarek is currently trading at $52 per share What is the market's forecast cm the growth rate in residual earnings after 2018? At this implicit growth rate, what are the EPS that the market is forecasting for 2019 and 2020? What is the market's implicit target price at the end of 2018