3 Tri-coat Paints has a current market value of $35 per share with earnings of $2.05. What is the present value of its growth opportunities (PVC) if the required return is 6%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) A firm has current assets that could be sold for their book value of $20 million. The book value of its fixed assets is $58 million, but they could be sold for $88 million today. The firm has total debt with a book value of $38 million, but interest rate declines have caused the market value of the debt to increase to $48 million. What is this firm's market-to-book ratio? (Round your answer to 2 decimal places.)