Hi, I'm stuck on this type of calculation.

Can you explain me how to solve that please.

Thanks !

	Real Year 0	Forecast Year 1	Forecast Year 2
(EPS)		0.40	0.45
(BPS)	2.80
(DPS)		0.30	0.32
Cost of Equity Capital	8.3%
Expected growth rate in residual earnings after Year 2	4.0%

Calculate the PV of Residual Earnings per share, at the end of Year 2, for Year 3 onwards