Use the follawing data to calculate your stock value.

Note the following:

ROE$=$ NI $/$ Total equity

Payout ratio $=$ total cash cividends $/$ NI

There are $10$ milion shares cutstanding.

T$-$bill rate is $3\mathrm{.}0\%,5$&$P500$ mkt return was $10\mathrm{.}00\%,$ and beta of this company is $1\mathrm{.}5.$

equity beta of this comparry is $1\mathrm{.}5.$

FCF $($Free cash flow$)=$ EBIT $"(1-$tax rate$)+$ Depreciation $-$ NCS $-$ change in NWC

assume that the market value of debt is equal to the book value of debt.

Balance sheet $($in m$-$ians$)$ of $2021$ and $2022$

Assume this company does not pay any dividend. And further assume that the Free cash flow and the earnings will grow at the constant rate of $4\mathrm{.}5\%.$

Question $11.$ With this assumption, What should be the stack value per share using the Residual Income Model $($RIM$)?$

Question $12.$ With this assumption, What should be the stack value per share using the Free Cash Flow $($FCF$)$ model?