Question $10$

Tesler stock does not pay any dividends.

the firm has a required return of

$21\mathrm{.}40\%$

Your research has found that comparable firms that actualy

pay a dividend have a dividend payout ratio of

$65\%$

The firm has expected earnings per share

$$4\mathrm{.}52$

The ROE of the firm is

$35\mathrm{.}83\%$

What is the approximate present value of the Growth

Opportunity $($PVGO$)?$

Round to $2$ decimal places.