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Suppose we have a 5 year horizon. We find that the shareholder's equity projection for Year +6 is $2,213.88 The comprehensive income projection for Year

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Suppose we have a 5 year horizon. We find that the shareholder's equity projection for Year +6 is $2,213.88 The comprehensive income projection for Year +5 is $1,044.77 The cost of common equity is 7.4%. The long run growth rate is 3.5%. The firm has 525 shares of stock available. What is the Continuing value of residual income in Year +6 and beyond? A. $12,544.88 B. $23,525.89 C. $36,017.29 D. $43,774.32

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