You have been provided with information on three listed shares (AECI Ltd., BHP Group plc, Ninety One plc) in the table below.

AECI Ltd.

• EPS (Last Year's) - 6.28
• Plowback ratio - 76%
• Growth (Years 1-3) - 64.9%
• Growth (Years 4-7) - 22%
• ROE (long run) - 6.58%

BHP Group plc,

• EPS (Last Year's) - 4.36
• Plowback ratio - 68%
• Growth (Years 1-3) - 44.4%
• Growth (Years 4-7) - 18.9%
• ROE (long run) - 7.5%

Ninety One plc

• EPS (Last Year's) - 10.75
• Plowback ratio - 68%
• Growth (Years 1-3) - 66.7%
• Growth (Years 4-7) - 24.1%
• ROE (long run) - 12.55%

A. Calculate the value of each share assuming a discount rate of 17%.