. What is your ABC target price using the below DCF model?

2. ABC pays a $0.15 monthly dividend that is expected to remain status quo long-term. Based on your DCF target price what is ABC's implied Total Return?

3. What is ABC's forecast target price using the Dividend Discount Model?

ASSUMPTIONS

* It is January 1, 2023

* ABC Corporation is a TSX-listed public company with a calendar fiscal year-end

* ABC's current Market Capitalization is $100 million

* ABC's current Enterprise Value is $200 million

* ABC's current Net Debt = Debt

* ABC's existing capital structure is expected to hold indefinitely

* Canada's GDP is expected to grow at 2.5% perpetually

* Government of Canada 2 year bond yield approximates the Risk Free Rate

* Covariance (ABC,TSX) = .08; Variance (ABC) = .02; Variance (TSX) = .04

* Half of ABC's debt is a 4% credit facility; 25% are 6% convertible debentures; the remainder is 7% vendor financing

* Long-Run Tax Rate = 25% of net earnings before tax

* Working Capital Requirements are expected to remain at current levels

* RBC strategists' predict a 22,411 S&P/TSX Composite Index one-year from now

* ABC trades at $10 per share

* ABC revenue is projected to grow at half the 2022 y/y rate each year through 2028

* ABC EBIT margin is projected to grow 50 basis points (bps) per year through 2028

* Capex is projected to remain at 2022's $ amount through 2028

* Capex is projected to approximate D&A from 2023-onward