Lxercise 4. (30 points) Do As... E-Learning Platform... UNYT e-Exam Cent... Christy Co, book value of equity at January 1, Year 1, is $52,940 Christy has a 15% cost of equity capital (). Forecasts of Christy's accounting data follow. From Year 6 and beyond, both accounting data and dividends approximate Year 5 levels Periche Year 1 Year 2 Year 3 Year 4 Year 5 Sales $100,0 00 $113,000 $127,69 $144,29 $144,2 0 0 90 Operating Expenses $77,50 0 $90,000 $103,5 $118,00 $119,0 00 0 40 Depreciati $10,00 0 $11,300 $12,77 0 $14,430 $14,43 0 on $13,00 0 $10,82 0 Net Income $11,000 $11,860 $11.900 $10.82 0 $5,000 $11,860 $5,200 Dividends $6,500 Required Calculate Chris Company's residual income for each of hear through Tears points) L'se the accounting-based equity valuation model to estimate thee of Chris equitat January of each of earthrough lear? (15 point