Use the following information to answer five questions related to Residual Earning Model;

Below is a partial pro$-$forma for Ferrari Limited. The current year is $2021,$ EPS and DPS for $20222024$ are consensus estimates from the analysts. Total Book Value of the equity is $$3,500,000$ and it has $400,000$ shares outstanding at the end of $2021.$ Assume the required rate of return is $6\%$ and the firm has no debt.

$2021$

$2022$

$2023$

$2024$

EPS

$3\mathrm{.}50$

$4\mathrm{.}00$

$4\mathrm{.}40$

DPS

$1\mathrm{.}75$

$2\mathrm{.}00$

$2\mathrm{.}25$

Question $1$: What is the Book Value per share in $2023?$

Question $31$Select one:

A$.$

$$12\mathrm{.}50$

B$.$

$$14\mathrm{.}11$

C$.$

$$15\mathrm{.}37$

D$.$

$$15\mathrm{.}37$