12. 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 premium over the book value of equity? a. $1,305.66 b. $1,405.66 c. $1,505.66 d. $1,605.66 e. $1,705.66 12. 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 premium over the book value of equity? a. $1,305.66 b. $1,405.66 c. $1,505.66 d. $1,605.66 e. $1,705.66