$$\frac { ( 58,900 \times 1.05 \times 0.7 ) / ( .12 - .05 ) } { 25,000 }$$

Multiple Choice

$$\frac { ( 58,900 \times 1.05 \times 0.7 ) / ( .12 - .05 ) } { 25,000 }$$
-What is your estimate of price using the residual income valuation model at 12/31/05?

A) $20.62
B) $21.65
C) $23.56
D) $24.72