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11. The following information is provided for Mountheaven Ltd. Using the information, forecast the abnormal earnings for all the forecast years Forecasts Forecasts 2020 2021

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11. The following information is provided for Mountheaven Ltd. Using the information, forecast the abnormal earnings for all the forecast years Forecasts Forecasts 2020 2021 Sales growth 6.00% 8.00% Profit margin after tax 11.00% 12.00% Cost of capital 7% 7% Opening equity ($m) 260.00 275.00 Income Statement 2019 (Sm) Sales 180.00 Profit after tax (net income) 21.60

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