In December 2018, Apple Inc (AAPL) traded at $146.83 per share. Total book value (total equity) was $107,147 million with 4,755 million shares outstanding at the end of 2018. Analysts were forecasting $15.35 in earnings per share for fiscal year ending December 31, 2019, and $16.90 for 2020 . The indicated dividend per share will be $3.05 in 2019 . Cost of equity for Apple is \%10. Required: A. calculate expected return on equity (ROE) for 2019 and expected growth in residual earnings for 2020 that are implied by the analysts' forecasts. B. Value Apple Inc. with a forecast that residual earnings growth rate for 2020 will continue into the long run. C. Would you feel comfortable buying Apple Inc. at $146.83 a share