$19$

Sisters Corporation expects to earn $$8$ per share next year. The firm's ROE is $15\%$ and its plowback ratio is $60\%.$ The firm's market capitalization rate is $10\%.$

Required:

a$.$ Calculate the price with the constant dividend growth model. $($Do not round intermediate calculations.$)$

$01$:$18$:$56$

Price

b$.$ Calculate the price with no growth.

Price

c$.$ What is the present value of its growth opportunities? $($Do not round intermediate calculations.$)$