UT VO AWN A 1 Number 2 1 3 2 4 3 5 4 6 5 7 6 8 7 9 8 10 9 11 10 12 11 13 12 14 13 15 14 16 15 17 18 B Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 E F Gross Income Price Index Adjusted Price Index Real Income 60,056 188.9 61,257 195.3 62,482 201.6 63,732 207.3 65,007 215.3 66,307 214.5 67,633 218.1 68,986 224.9 70,366 229.6 71,773 233.0 73,208 236.7 74,672 237.0 76,165 240.0 77,688 245.1 79,242 251.1 Exibit 3 Assume that Mrs. Cook's real income will not change over the next ten years. Use the mean real income from question 1 to determine projected real income for the future ten years of Mrs. Cook's work expectancy. Use the regression equation from question 2 to project adjusted price indices for the next ten years. Assume that Mrs. Cooks pay 20% of her actual income in taxes and that Green will not provide significant state assistance. Use the projected real income and adjusted price indices to estimate Mrs. Cook's net actual income for the next ten years What would be the likely amount of an award to Mrs. Cook based on a present value rate of 8%? Discuss the factors that could UT VO AWN A 1 Number 2 1 3 2 4 3 5 4 6 5 7 6 8 7 9 8 10 9 11 10 12 11 13 12 14 13 15 14 16 15 17 18 B Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 E F Gross Income Price Index Adjusted Price Index Real Income 60,056 188.9 61,257 195.3 62,482 201.6 63,732 207.3 65,007 215.3 66,307 214.5 67,633 218.1 68,986 224.9 70,366 229.6 71,773 233.0 73,208 236.7 74,672 237.0 76,165 240.0 77,688 245.1 79,242 251.1 Exibit 3 Assume that Mrs. Cook's real income will not change over the next ten years. Use the mean real income from question 1 to determine projected real income for the future ten years of Mrs. Cook's work expectancy. Use the regression equation from question 2 to project adjusted price indices for the next ten years. Assume that Mrs. Cooks pay 20% of her actual income in taxes and that Green will not provide significant state assistance. Use the projected real income and adjusted price indices to estimate Mrs. Cook's net actual income for the next ten years What would be the likely amount of an award to Mrs. Cook based on a present value rate of 8%? Discuss the factors that could