The following are forecasted residual operating income $($ROPI$)$ for Reed Corporation for Year $7$:

Assume a discount rate of $6\%,$ an expected terminal growth rate of $2\%,2017$ NOA of $$29,896,$ and $2017$ NNO of $$17,314.$ What is the firm's equity value using the ROPI valuation model?

Select one:

a$.$ $$80,305$

b$.$ $$87,964$

c$.$ $$64,016$

d$.$ None of these are correct

e$.$ $$17,314$