Abilene Industries has a book value per share of $70 on January 1,1. The predicted earnings per share for the year, X1, is $10. The predicted dividends for X1 is $4. The predicted earnings per share for the year. X2, is $11. The cost of equity is 10% What is the predicted abnormal earnings for year X2 ? $7 $6 $2.40 $3.40