The following information relates to Questions 3-7 Emmanuel Marfo MNC, a United Kingdom-based globally diversified equity mutual fund cross-listed on the US market is considering adding James Chandler Energy Inc. to its portfolio. James Chandler is an independent upstream oil and gas company headquartered in London, the United Kingdom. It is one of the largest oil and gas companies in the United Kingdom and has operations in several countries. Zemira Campbell, an analyst at the mutual fund, has been assigned the task of estimating a fair value of James Chandler. Campbell is aware of several approaches that could be used for this purpose. After carefully considering the characteristics of the company and its competitors, she believes the company will have extraordinary growth for the next few years and normal growth thereafter. So, she has concluded that a two-stage DDM is the most appropriate for valuing the stock. James Chandler pays semiannual dividends. The total dividends during 2020, 2021, and 2022 have