Question: Could you give me the only answer, please? 7 Problem 4-21 Growth opportunities 10 points Company Z's earnings and dividends per share are expected to

Could you give me the only answer, please?

7 Problem 4-21 Growth opportunities 10 points Company Z's earnings and dividends per share are expected to grow indefinitely by 5% a year. Assume next year's dividend per share Is $18 and next year's EPS is $5. The market capitalization rate is 15%. If Company z were to distribute all of its earnings, it could maintain a level dividend stream of $5 a share. How much is the market actually paying per share for growth opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Skipped Present value growth opportunities eBook References

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