Problem 3 (11 marks) Tesla Inc. has been going through a very aggressive growth phase. Because of this, the company has never declared dividends on its common stock. Management also intends on retaining all future earnings to finance current and future growth and therefore, do not anticipate paying any cash dividends in the foreseeable future. The company's shares are currently valued at $420.43 each and the current annual earnings per share is $0.90. The 1 number of common shares issued and outstanding is 933.54 million. The estimated sales total for the current year is $9.7 billion. The company's earnings forecast for the next 12 months are as follows: A median estimate of a decrease of 9.62% A high estimate of a 90.3% increase A low estimate of a 90.5% decrease Based on the earnings forecast, calculate the median, high and low values of Tesla's shares 12 months from now