An analyst gathered the following information regarding Pluto Inc.:

Expected EPS for $2011=$$$4\mathrm{.}25$

Retention rate $=0\mathrm{.}4$

Required return $=11\%$

Current stock price $=$$$54\mathrm{.}85$

Dividends are paid out at the end of the year and are expected to grow at a rate of $5\mathrm{.}5\%$ forever.

The present value of growth opportunities is closest to:

$$31\mathrm{.}67$

$$16\mathrm{.}21$

$$7\mathrm{.}72$