Which of these is the valuation of the firm using the Fruhan model?

FIN-31S Fall 2020 Fruhan Analysis Economic Value Book Value MPl Formula in single cell Numerator (NUM) Denominator (DEN) (Ratio (NUM/DEN)) An Factor Consolidation Management Performance Index (MP') Average Price/Earnings Ratio Risk free rate of return (IJ.S. Treasury) Maket rate of return Beta is the measure of market risk = 1.0 is average) Cost of common equity Price Earnings Ratio of Company Anticipated rate of return on common stock Spread is the return on equity minus the cost of equity The projected level of extraordinary reinvestment opportunities anticipated each year in the future, expressed as a fraction of the anticipated profit after tax for that year The projected number of years during which extraordinary returns on common equity to be earned. Which of these is the valuation of the firm? Source: William E. 115.00% 1.10 1.560 1.560 1.560 rf ROEc ROE-ke RET Fruhan, Jr (Harvard Business School) "Financial ROE (I-RET) x 1.5597376370 -5.000% 0.0000 0.0000 10 5.00% 10.00% 1 10.00% 10.00 15.00% 5.00% 100% 10 1- 1 115.00% 1.10 1.560 1.56 Cross Check rf +(km r 3% Earnings Yield SPREAD GROWTH SUSTAINABILITY