Toyota Motor Corp$$s stock price is about $$157.$ Consensus analysts$$ forecasts about Toyota$$s earnings in $2022$ and $2023$ are $$16\mathrm{.}21$ and $$17\mathrm{.}95,$ respectively. The book value per share is $$160\mathrm{.}6.$ The company has a payout ratio about $25\%.$ The risk free rate for Japan capital market is $0\mathrm{.}24\%$ and the market risk premium is about $7\mathrm{.}75\%.$ Firm Beta is estimated to be about $0\mathrm{.}64.$

a$.$ Forecast book value, return on common equity, and residual earnings for $2022$ and $2023.$

b$.$ Provide a building block analysis about each company$$s stock price.

c$.$ What are the implied market$$s expectation about growth rates of Toyota$$s long$-$term residual income after $2024?$

d$.$ If you are a value investor, how would you evaluate Toyota price and make investment decisions? Also what additional factors you may need to find out more information about in making your final decision?