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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

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 Present value of continuing value in Year + 6 and beyond?

A. $16,463.60

B. $19,193.62

C. $26,017.29

D. $32,774.32

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