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Use the following information to complete question 13. Year End 2020 per Share amounts: Basic Earnings per Share: $7.46 Dividend per Share: $4.24 Book Value

Use the following information to complete question 13.

Year End 2020 per Share amounts:

Basic Earnings per Share: $7.46 Dividend per Share: $4.24 Book Value of Equity per Share: $7.22 Cost of Equity: 6%

Forecasted EPS Growth by year: 2021: +5% 2022: +5% 2023: +4%

Forecasted Dividend Growth by year: 2021: +5% 2022: +5% 2023: +4%

Long-term growth rate: +3%

What are the forecasted Residual Income Values for 2021, 2022, and 2023?

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