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Solve these questions with formula (answer quantitatively) :a. Current earning per share = $6Current dividend per share = $2.4Current market price per share = $35Required return on the stock = 15%Expected growth rate of earnings and dividends = 8%Compared with the company's trailing P/E, the P/E based on Gordongrowth dividend discount model is (The same/Higher/Lower)b. Current dividend per share = $3Historical annual dividend growth rate = 4%Expected annual dividend growth rate for the next three years =8%Expected stock value per share at the end of year 3 = $33If the investor's required rate of return is 15%, the currentestimate of the intrinsic value per share will be ?c. To estimate the intrinsic value of a company using justified P/Eratio approach :Next year's earning per share = $3Dividend payout ratio = 60%Required rate of return = 10%ROE = 12.5%The intrinsic value of the company's stock is?d. The Shoe Box will not pay a dividend for the next 2 years. Thefollowing 2 years, it will pay an annual dividend of $1 per share.Starting in year 5, the dividends will increase by 4% anually. Thediscount rate is 8%. What is the value of this stock today?e. Current price per share = $54Current annual dividend per share = $2.5Annual dividend growth rate for years 1-4 = 12%Annual dividend growth rate for years 5+ = 6%Required rate of return = 15%Based on DDM, the stock is most likely(overvalued/fairly/undervalued? , answer quantitatively !f. Chris Rogers forecasted that Android Inc shall pay its firstdividend 2 years from now worth $1.5. For the year after that, ithas been forecasted that a dividend of $2.2 shall be paid. Thiswill grow a constant growth rate of 5%. The Risk free rate is 4%,market risk premium is 6% and beta is 1.2 . What is the value ofthe share of Android?g. Heather Callaway, CFA, is concerned about the accuracy of hervaluation of Crimson Gate, a fast growing telecommunicationsequipment company that her firm rates as a top buy. Crimsoncurrently trades at $134 per share, and Callaway has put togetherthe following information of the stock :Most recent dividend per share = $0.55Growth rate, next 2 years = 30%Growth rate , after 2 years = 12%Trailing P/E = 25.6Financial leverage = 3.4Sales = $1198 per shareAsset turnover = 11.2Estimated market rate of return = 13.2%Callaway's employer, Bates Investment, likes to use a company'ssustainable growth rate as a key input to obtaining the requiredrate of return for the company's stock. Crim son's sustainablegrowth rate is ?