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Can anyone explain how (10.4%,1) becomes 0.9058? Current price of stock , PO (D1 P1) PVIF(RR , 1) (S3.456 $56.16) * PVIF(10.4% , 1) $59.616

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Can anyone explain how (10.4%,1) becomes 0.9058?

Current price of stock , PO (D1 P1) PVIF(RR , 1) (S3.456 $56.16) * PVIF(10.4% , 1) $59.616 0.9058 $54.0001728 $54 Per share (Rounded)

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