An analyst has prepared the following reformulated balance sheet (in millions of dollars). The analyst forecasts comprehensive income for the year following this balance sheet of $39 million, and values the equity of the firm at 1.5 times its book value. The required return for the operations is 10% and the required return on the debt is 5% after tax. (a) Calculate forecasted residual operating income for the year following this balance shee (b) Calculate residual earnings (for the equity) for the year following this balance sheet (c) Calculate the unlevered price-to-book ratio (d) Proof the following formula with numbers you have calculated: Levered P/B= Unlevered P/B+[ Financial leverage x (Unlevered P/B - 1.0]