A) Suppose that Facebook has earnings per share (expected next year) of $6.20 and that Facebooks discount rate for equity is 12%. If Facebook is not expected to grow at all, what would Facebooks share price be? Do not include the $ sign and answer to the nearest $0.01.

B) Instead, Facebook is trading at $160 per share. What is the present value of Facebooks growth opportunities per share? Do not include the $ sign and answer to the nearest $0.01.