XYZ company paid its shareholders a S0.3 annual dividend last year. The company expects dividends to grow at a rate of 5% p.a. for the next four years. After that, dividends are expected to grow at a constant rate of 3% p.a. indefinitely. Your required rate of return is 8% p.a. a) What is the fair value of these shares to you? Show your calculations. (4 Marks) b) Discuss if you would invest in the ordinary shares of XYZ, if the current market price is 55.45. ( 1 Marks)