Question: A Moving to another question will save this response. Question 21 When Apple's share price reached $510 per share, Apple had a P/E ratio of

A Moving to another question will save this response. Question 21 When Apple's share price reached $510 per share, Apple had a P/E ratio of about 58 and investors required a return of 12.4% for their equity investment. Assume that Apple pays no dividends. Approximately what percentage of Apple 's stock price was represented by net present value of growth opportunities? Express your answer as a percentage to 2 decimal places, do not include the % sign

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