Question 26 0 out of 3 points Estimate the intrinsic value for 2019 for Royal, Inc. using the residual income (RIM) model given the following information. Your estimation period is the most recent five years ending in 2018. You have an opportunity cost of 15%. 2013 2014 2015 2016 2017 2018 2019 2020 | .VALUE LINE PUB, LLC 8.06 7.89 7.91 8.70 8.79 9.38 9.70 10.05 Sales per sh 2.77 2.32 1.96 2.13 2.82 3.07 3.20 3.35 "Cash Flow" per sh 1.65 1.41 1.11 1.17 1.73 1.87 2.05 2.25 Earnings per sh AG 96 1.04 1.12 1.20 1.28 1.36 1.44 1.52 Div'ds Deci'd per sh Ba .19 19 23 130 33 36 40 Cap'l Spending per sh 11.92 11.33 10.48 9.81 11.92 11.09 10.55 10.75 Book Value per sh CQuestion 26 0 out of 3 points Estimate the intrinsic value for 2019 for Royal, Inc. using the residual income (RIM) model given the following information. Your estimation period is the most recent five years ending in 2018. You have an opportunity cost of 15%. 2013 2014 2015 2016 2017 2018 2019 2020 | .VALUE LINE PUB, LLC 8.06 7.89 7.91 8.70 8.79 9.38 9.70 10.05 Sales per sh 2.77 2.32 1.96 2.13 2.82 3.07 3.20 3.35 "Cash Flow" per sh 1.65 1.41 1.11 1.17 1.73 1.87 2.05 2.25 Earnings per sh AG 96 1.04 1.12 1.20 1.28 1.36 1.44 1.52 Div'ds Deci'd per sh Ba .19 19 23 130 33 36 40 Cap'l Spending per sh 11.92 11.33 10.48 9.81 11.92 11.09 10.55 10.75 Book Value per sh C