13.19 Residual Income Valuation. The Coca-Cola Company is a global softdrink beverage company (ticker: KO) that is a primary and direct competitor with Starbucks.The data in Chapter 12s Exhibits 12.14, 12.15, and 12.16 (pages 806809) include the actualamounts for 2013, 2014, and 2015 and projected amounts for Year 1 to Year 6 for theincome statements, balance sheets, and stateme nts of cash ows, respectively, for Coca-Cola.The market equity beta for Coca-Cola at the end of 2015 is 0.75. Assume that