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