For Each of the Following Scenarios Determine the Value as of the Beginning

For each of the following scenarios determine the value as of the beginning of 2012 of the continuing dividend:
$\begin{array}{|l|l|l|l|}\hline & \begin{array}{l}\text { Forecast of Dividend } \\\text { in year 2016 }\end{array} & \begin{array}{l}\text { Long-Run } \\\text {Growth Forecast }\end{array} & \text { Cost of Capital } \\\hline & & & \\\hline \text { Scenario A } & \$ 28 & 4 \% & 11 \% \\\hline & & & \\\hline\text { Scenario B }& \$ 54 & 9 \% & 15 \% \\\hline & & & \\\hline \text { Scenario C }& \$ 123 & 5 \% & 14 \% \\\hline & & & \\\hline\text { Amounts in thousands) } & & & \\\hline\end{array}$