Using a Residual Income Model (RIM), where residual income grows at rate g s for n=6 years and rate g thereafter, compute the intrinsic value per share for Acme Inc. given the following information from their most recent financial statement:

Item	Value
B V 1 (per share)	11.86
B V 0 (per share)	12.15
N I 0 (per share)	3.59
g s	12.38 %
g	4.44 %
R c s	11.28 %