Jimmy Jones was on his way to work when he was hit broadside by a truck that ran a red light. Jimmy suffered twenty seven broken bones, numerous lacerations, and a variety of other medical problems. Mr. Jones was in the hospital for two months and he has been recovering at home for the past four months. He is certain that he will never be able to work again. At the time of the accident, Mr. Jones was 35 years old. The insurance company for the trucking company that hit Jimmy Jones is not sure that he is completely disabled and they intend to contest that issue. You have been hired as a financial expert witness by the

At the beginning of his \(13^{\text {th }}\) year of practice he experienced an accident at the office in which he fell and hit his head. Ever since the accident he has experienced serious headaches and dizziness that he had not experienced before. As a result of these symptoms, Fred is unable to work the long hours that he once did and he has been unable to grow his practice. He fully expected to grow his income from his practice by about 10 percent a year. He has filed a claim (which is being contested) with his insurance company.
Fred has hired you to prepare a measure of economic damages resulting from the accident. Fred was 42 years old at the time of the accident and he just turned 45 last week.

a. What information will you seek from Fred to help with your measurement of economic damages?

b. What do you think will comprise the components of your damage measurement?

c. Based on the information available to you, prepare your best estimate of the damages that you will seek on behalf of Fred.

At the beginning of his \(13^{\text {th }}\) year of practice he experienced an accident at the office in which he fell and hit his head. Ever since the accident he has experienced serious headaches and dizziness that he had not experienced before. As a result of these symptoms, Fred is unable to work the long hours that he once did and he has been unable to grow his practice. He fully expected to grow his income from his practice by about 10 percent a year. He has filed a claim (which is being contested) with his insurance company.
Fred has hired you to prepare a measure of economic damages resulting from the accident. Fred was 42 years old at the time of the accident and he just turned 45 last week.

a. What information will you seek from Fred to help with your measurement of economic damages?

b. What do you think will comprise the components of your damage measurement?

c. Based on the information available to you, prepare your best estimate of the damages that you will seek on behalf of Fred.

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Year Net Income 1 ......$56,000 2......... 64,000 3....... 70,000 456 4. 77,000 85,000 6......... ..... 93,000 7.......... .101,000 8..... 110,000 9 ... 124,000 10........ 135,000 11. 145,000 12........ .156,000 13. 120,000 14. 117,000 15 121,000