11. An analyst presents you with the following pro forma (in millions of dollars) that gives her forecast of earnings and dividends for 2013-2017. She asks you to value the 1,380 million shares outstanding at the end of 2012 , when common shareholders' equity stood at $4,310 million. Use a required rate of return for equity of 10 percent in your calculations. Based on these pro formas, what is the value per share of equity? a. $1.07 b. $2.07 c. $3.07 d. $4.07 e. $5.07