The following forecasts of earnings per share (EPS) and dividends per share (DPS) were made at the end of 2015 for a firm with a book value per share of $18.00: The firm has a cost of equity (i.e., required return) of 9% per annum. Calculate the residual earnings for each year (2016 through 2020). Calculate the annual growth rate in RE for the years 2017 through 2020. What is the per-share intrinsic value at the end of 2015 based on the residual income valuation model