You are analysing the U.S equity market based on the S&P Industrials Index and using the present value of free cash flow to equity technique. You inputs are as follows: Beginning Free Cash Flow to Equity= $70 The discount rate and constant growth rate are 9% and 6% respectively. The growth rate from year 1 to 3=9% Year 4 to 6=8% Assuming that the current value for the S&P Industrials Index is 2050, would you underweight, overweight, or market weight the U.S equity market? (Hint: find the value of FCFE, discount factor and Present value)