Question: Residual Operating Income Valuation (Easy) The following forecasts were made at the end of 2012 for a firm with net operating assets of $1, 135 million and net financial obligations of $720 million (in millions of dollars):
![1774_2014E.png](https://secure.tutorsglobe.com/CMSImages/1774_2014E.png)
The required return for operations is 10.1 percent. Forecast residual operating income for these years and, from these forecasts, value the operations and the equity.