1. 	Y 0	Y1	Y2	Y3	Y4
   EPS		$3.75	?	?	?
   BVS	$25	?	?	?	?
   Discount Rate Values	1.000	?	?	?	?

   1. Select real years to replace the proforma years indicated as Y0, Y 1. Select your years starting from the period 2013-2019
2. While the companys earnings have grown by 15% in Y1 this growth is not expected to last. For Year 2 and 3 choose a rate from one of the following rates: 11%
3. Choose a required equity rate of 8%
4. From Year 4 onwards the companys earnings will grow at 1% below your chosen required equity rate.
5. Choose your companys dividend pay-out ratio by selecting 30% earnings
6. In your question you need to provide the discount values do not ask your participant to determine these values using the PV formula is Excel.
7. Use an abnormal earnings growth valuation