(8 points) Foot Locke r expects to have earnings per share of $4 in the coming year. The firm plans to pay out all its earnings as dividends. With these expectations, Foot Locker current share price is $40. Suppose Foot Locker could cut its dividend payout rate to 60% for the foreseeable future and use the retained earnings to open new stores. The return on equity of the company with these stores is expected to be 12%. Assuming cost of equity capital is unchanged. what would be Foot Locker's new stock price? What are the present value of growth opportunities per share