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

   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.