The following are forecasted residual operating income (ROPI) for Reed Corporation for 2017: Current Forecast Horizon Terminal ($millions) 2017 2018 2019 2020 2021 Year Residual operating income (ROPI) $2,499 $2,624 $2,755 $2,893 $3,038 $3,099 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