Jarrett Corp. At the end of Year o Jarrett Corp. developed the following forecasts of net income: Forecasted Year Year 1 Net Income $20,856 Year 2 $22,733 Year 3 $24,552 Year 4 $27,252 Year 5 $29,978 Management believes that after Year 5 Jarrett will grow at a rate of 7% each year. Total common shareholders' equity was $112,768 on December 31, Year 0. Jarrett has not established a dividend and does not plan to paying dividends. Its cost of equity capital is 12%. What would be Jarrett's common shareholders' equity at the end of Year 3? a. $112,768 b. $208,161 c. $95,540 d. $180,909