Common Shareholders' Equity at Beginning of year Comprehensive Income Available for Common Shareholders Their Required Rate of Return Year +1 $4,223.13 Year +2 $4,557.87 Year +3 $4,683.21 Year +4 $4,803.33 Year +5 Year +6 $5,001.22 $5,503.76 $1,668.76 $1,717.54 $1,902.22 $1,988.34 $2,003.45 9.25% Their Long Run Growth Rate 4.20% Shares of Stock 750 M Required Income $390.64 Residual Income $1,278.12 Residual Income Year +6 $1,578.50 Continuing Value of Residual Income $31,257.37 Present Value of Continuing Value $20,083.77