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:
$\begin{array}{l}\begin{array} { c c r c c } & \begin{array} { c } \text { Forecast of } \\\text { Divilent in } \\\text { year } 2016\end{array} & \begin{array} { c } \text { Long-Run } \\\text { Grawth } \\\text { Forecast }\end{array} & \begin{array} { c } \text { Cost af } \\\text { Capital }\end{array} \\\hline \text { Scenaria A } & \$ 28 & 4\% & 11 \% \\\text { Scenario B } & \$ 54 & 9 \% & 15 \% \\\text { Scenario C } & \$ 123 & 5 \% & 14 \% \\\end{array}\\\text { (Amounts in thousands) }\end{array}$