This is all the information that the question provides

Question 4. Suppose the abnormal earnings model of Macquarie Inc. is as follows: 2021F 2018 2019F 2020F Closing Equity (Sm) 7,967 5,954 6,956 9,083 Net Profit 847 933 1,123 1,123 Assuming cost of equity of Macquarie Inc. is 7%, and the long-term growth rate of abnormal earnings is 3.5% 1. Show the workings of calculation of present value of abnormal earnings for the forecast horizon from 2019 to 2021 2. Show the workings of calculation of terminal value of abnormal earnings beyond the forecast horizon. 3. What is the total equity value for Macquarie Inc. using the discounted abnormal earnings model? What is the estimated equity value per share? 4. What is the proportion of terminal value to total estimated value of equity? 5. Perform the sensitivity test by considering cost of equity to be 6% and 8%. Do you observe a large difference in equity value? 6. Following the previous question, do you observe the proportion of terminal value to equity value increase or decrease in cost of equity, and why is that? Question 4. Suppose the abnormal earnings model of Macquarie Inc. is as follows: 2021F 2018 2019F 2020F Closing Equity (Sm) 7,967 5,954 6,956 9,083 Net Profit 847 933 1,123 1,123 Assuming cost of equity of Macquarie Inc. is 7%, and the long-term growth rate of abnormal earnings is 3.5% 1. Show the workings of calculation of present value of abnormal earnings for the forecast horizon from 2019 to 2021 2. Show the workings of calculation of terminal value of abnormal earnings beyond the forecast horizon. 3. What is the total equity value for Macquarie Inc. using the discounted abnormal earnings model? What is the estimated equity value per share? 4. What is the proportion of terminal value to total estimated value of equity? 5. Perform the sensitivity test by considering cost of equity to be 6% and 8%. Do you observe a large difference in equity value? 6. Following the previous question, do you observe the proportion of terminal value to equity value increase or decrease in cost of equity, and why is that