A firm earns a 6% return (using return-on-equity, or ROE) on re-invested earnings. The firm decides to re-invest 40% of its earnings, has a year-end (at t=1) earnings-per-share (EPS) of $4, and has shareholders that require an 8% rate of return on their stock investment. What is the present value (PV), or net present value (NPV, as some refer to it as), of the growth opportunities, resulting from the 40% re-investment? (Note: This is on a per-share basis.) Round to the nearest $0.01)