Presented below are data for Boso Audio:

Compute the value of a share of Boso common stock using the residual income method.

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Forecast Year 2 5 Terminal No. of outstanding shares. Terminal year growth rate 500 500 500 500 500 500 5% Cost of common equity. 10% 10% 10% 10% 10% 10% Net income.... $ 79 $ 94 $111 $130 $150 $157 Beginning of year common equity. $649 $683 $720 $758 $797 $839 Free cash flow to common equity $ 44 $ 58 $ 73 $ 90 $108 $115