5. Assume the following forecasted residual operating income (ROPI) for Jenkins & Co. for 2012:

5. Assume the following forecasted residual operating income (ROPI) for Jenkins & Co. for 2012: Forecast Horizon Current 2012 Terminal Year ($ millions) 2013 2014 2015 2016 Residual operating income (ROPI) $512 $788 $1,136 $1,290 $1,422 $1,578 The value of the firm using the ROPI valuation model and NOA for 2012 of $8,024 and a discount rate of 8% and an expected terminal growth rate of 3.5%, is: A) $29,548 B) $25,775 C) $30,060 D) $ 3,772 E) None of the above