Residual Income Valuation Presented below are data for Boso Audio: Forecast Year 5 Terminal No. of outstanding shares Terminal year growth rate Cost of common equity Net income 500 $79 Beginning of year common equity $649 Free cash flow to common equity $44 2 500 $94 $683 $58 3 500 $111 $720 $73 4 500 $130 $758 $90 500 $150 $797 $108 500 3% $157 $839 $115 Compute the value of a share of Boso common stock using the residual income method. Do not round your computations until your final answer. Round final answer to two decimal places.