Using the Gordon growth model, and the cumulative average growth rate of dividends from $2021$ to $2023$ as the projected growth rate, estimate the share price of the company.Financing the Project

The total cost of the project is $R20$ million. The financial manager is

contemplating funding this project with debt at a projected interest rate of

$9\%.$ The projected cashflow from this expansion is shown in the table on

the left. The company beta is $1\mathrm{.}8,$ the $5-$year SA government bond yield

$($risk$-$free rate$)$ is $6\mathrm{.}5\%,$ the expected market return is $12\%,$ and the current

company tax rate is $27\%.$