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You are analyzing Superior Corp for Fidelitys Super Growth ETF and have projected the dividends, share buy-backs and future market cap for the next 4

  1. You are analyzing Superior Corp for Fidelitys Super Growth ETF and have projected the dividends, share buy-backs and future market cap for the next 4 years. Dividends/Buybacks are expected to be: $100/$200 (Year 1); $105/$218 (Year 2); $111/$240 (Year 3), and Market Cap $3,600 (Year 4). You have estimated Superiors Required Return to be 8.5%. What is the estimated current market capitalization for Superior now? Before any calculations, draw a timeline. (Note: $ in Millions.)

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