Zahid is interested to buy the stock of PMX Berhad. He has collected the following financial information on PMX: Zahid assumes that - PMX's earnings and free cash flow to equity (FCFE) is expected to grow at \17 a year for the next three years before stabilizing at an annual growth rate of \8. - PMX will maintain the current payout ratio. - PMX's beta is 1.42 , risk free rate is \6 and the market equity risk premium is \7. Given the above information: i) Calculate the PMX's sustainable growth rate. (3 marks) ii) Calculate the value of a share of PMX's common stock using the two-stage dividend discount model. (8 marks) iii) Calculate the value of a share of PMX's common stock using the two-stage FCFE model. Zahid is interested to buy the stock of PMX Berhad. He has collected the following financial information on PMX: Zahid assumes that - PMX's earnings and free cash flow to equity (FCFE) is expected to grow at \17 a year for the next three years before stabilizing at an annual growth rate of \8. - PMX will maintain the current payout ratio. - PMX's beta is 1.42 , risk free rate is \6 and the market equity risk premium is \7. Given the above information: i) Calculate the PMX's sustainable growth rate. (3 marks) ii) Calculate the value of a share of PMX's common stock using the two-stage dividend discount model. (8 marks) iii) Calculate the value of a share of PMX's common stock using the two-stage FCFE model