The following are forecasted residual operating income (ROPI) for Reed Corporation for Year 7: ($millions) Residual operating income (ROPI) Select one: Current Year 7 Year 8 Year 9 Year 10 Year 11 $2,249 $2,362 $2,480 $2,604 $2,734 Forecast Horizon 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? a. $64,016 b. $80,305 c. None of these are correct d. $87,964 e. $17,314 Terminal Year $2,789