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were made at the end of 2019 for a firm with a book value per share of $9.96 (2019): 2020E 2021E 2022E 2023E 2024E EPS 2.39 3.45 2.28 2.00 1.71 DPS 1.06 1.12 1.16 1.22 1.24 The firm has an equity cost of capital of 11% per annum. Requirement 1: Calculate the residual earnings (per share) that are forecast for each year, 2020 to 2024. Requirement 2: Assuming that the residual earnings in the year 2024 will continue at the same level subsequently, calculate the continuing value of the firm.) Requirement 3: Suggest the intrinsic value of the firm at the end of 2019 based on Residual Income Model using above numbers forecast.) O B I U