3 A company is expected to pay a dividend of $4.00 per share if they payout 100% of their income. The company can growth faster by retaining 35% of earnings. The current RDE is 23.5% and the cost of equity is 11.5%. Calculate the No growth stook price, the stock price with growth and the present value of the growth opportunity. No Growth DlV1 Expected return PO With Growth RDE Plowback ratio Growthrate Adjusted DIV1 PO PVGrowth pportunity