2. Calculate the estimated value per share using the Change in Residual Earnings Method: Complete the chart: N 1 3 2010 0 2011 $3.00 .25 2012 $3.60 .25 2 2013 $4.10 .30 2014 $5.50 .35 EPS DPS Difference BPS ROCE Residual Earnings $15.00 Change in RE PV Change RE PV of Cv Total Capitalized VPS Show RE Calculation: below RE 2011: RE 2012: RE 2013: RE 2014: The required return is 8% and the growth rate is 2.5% after 2014. CV uses the (1+ g) adjustment A. Complete the Table: B. Calculate Value per Share using the change in residual earnings model: 2. Calculate the estimated value per share using the Change in Residual Earnings Method: Complete the chart: N 1 3 2010 0 2011 $3.00 .25 2012 $3.60 .25 2 2013 $4.10 .30 2014 $5.50 .35 EPS DPS Difference BPS ROCE Residual Earnings $15.00 Change in RE PV Change RE PV of Cv Total Capitalized VPS Show RE Calculation: below RE 2011: RE 2012: RE 2013: RE 2014: The required return is 8% and the growth rate is 2.5% after 2014. CV uses the (1+ g) adjustment A. Complete the Table: B. Calculate Value per Share using the change in residual earnings model