Tri-coat Paints has a current market value of $38 per share with earnings of $3.36. What is

Fantastic news! We've Found the answer you've been seeking!

Question:

Tri-coat Paints has a current market value of $38 per share with earnings of $3.36. What is the present value of its growth opportunities (PVGO) if the required return is 9%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)