An analyst has gathered the following information about Sydney Inc. (amount in millions of dollars):...
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Accounting
An analyst has gathered the following information about Sydney Inc. (amount in millions of dollars):
2021A
2022F
2023F
2024F
Closing Equity ($m)
8,780
8,985
9,995
10,210
Net Profit
1,120
1,230
1,287
1,340
Assume that cost of equity of Sydney Inc. is 10.25%, and the long-term growth rate of abnormal earnings is 5.2%. The company has 3000 (million) shares outstanding and current market price of the stock of the company is 3.90 per share. Based on the above information, calculate and complete the required information in the following table.
2021A
2022F
2023F
2024F
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