Finite horizon model with premium over book value

Catapult Company has a current book value of $$31$ per share. As the result of an innovative product, the company

earned an ROE of $13$ percent. An analyst studying Catapult has estimated that the $13$ percent ROE will continue for

the next three years. At that point, he is uncertain what will happen to ROE, but he does observe that prior to last

year, the share price was at a persistent $10$ percent premium over book value, and he assumes this will be the case at

the end of his three$-$year forecast. However, management has maintained an average market value over book value

of $35$ percent. The firm has a dividend payout ratio of $40$ percent and the analyst estimates the cost of equity to be

$9$ percent. The intrinsic value per share for Catapult that the analyst will calculate is closest to:

a$.$ The residual income for the first year is:

$

Round your answer to two decimals

b$.$ The share price premium to book value in the final year is:

$

Round your answer to two decimals

c$.$ The value of the company is:

$

Round your answer to two decimals