The slide presents two distinct valuation approaches: a yield-based total return model and a CAPM-style model using Barra beta.

table/data: Table showing Expected Current Distribution CAGR, Long-Term Economic Growth Estimate, Expected Growth, Current Yield, and Implied Total Return for 8 companies plus Median and Mean.

Use of Barra Beta, Risk-Free Rate, and Equity Risk Premium to calculate Cost of Equity.