Problem: The following are forecasted residual operating income (ROPI) for Reed Corporation for Year 7: Current Forecast Horizon Year (Smillions) Residual operating income (ROPI) Year 7 $1,99 9 Year 8 $2,09 9 Year 9 $2,20 4 10 Year 11 Terminal Year $2,314 $2,430 $2,479 Assume a discount rate of 6%, an expected terminal growth rate of 2%, Year 7 NOA of $29,896, and Year 7 NNO of $17,314. What is the firm's equity value using the ROPI valuation model?