Nio Inc engages in the development, manufacture, and sale of a line of cosmetics designed to make your dog look glamorous. Below you will find selected information necessary to compute some valuation estimates for the firm. Assume the values provided are from year-end 2019. Also, assume that the firm's equity beta is 1.50, the risk-free rate is 2.45 percent, and the market risk premium is 9 percent. Dividends per share Return on equity Book value per share $ 2.18 11.50% $18.10 2019 value per share Average price multiple Forecasted growth rate Earnings $ 5.00 13.10 13.55% Cash Flow $ 6.50 9.49 11.34% Sales $25.65 2.43 7.22% a) What is the sustainable growth rate for Nio Inc? (2 points) b) What is the required return for Nio Inc? (2 points) c) Estimate the current share price of Nio Inc stock according to the constant dividend growth model. (2 points) d) Estimate the 2020 share price for Nio Inc using the PE ratio. (2 points) e) Estimate the 2020 share price for Nio Inc using the P/CF ratio. (2 points) Nio Inc engages in the development, manufacture, and sale of a line of cosmetics designed to make your dog look glamorous. Below you will find selected information necessary to compute some valuation estimates for the firm. Assume the values provided are from year-end 2019. Also, assume that the firm's equity beta is 1.50, the risk-free rate is 2.45 percent, and the market risk premium is 9 percent. Dividends per share Return on equity Book value per share $ 2.18 11.50% $18.10 2019 value per share Average price multiple Forecasted growth rate Earnings $ 5.00 13.10 13.55% Cash Flow $ 6.50 9.49 11.34% Sales $25.65 2.43 7.22% a) What is the sustainable growth rate for Nio Inc? (2 points) b) What is the required return for Nio Inc? (2 points) c) Estimate the current share price of Nio Inc stock according to the constant dividend growth model. (2 points) d) Estimate the 2020 share price for Nio Inc using the PE ratio. (2 points) e) Estimate the 2020 share price for Nio Inc using the P/CF ratio. (2 points)