ABC Corporation expects to pay a dividend of $4 per share next year, and the dividend payout ratio is 80 percent. Dividends are expected to grow at a constant rate of 6% forever. Suppose the company's equity beta is 1.05, the market risk premium is 9%, and the risk free rate is 3%. Calculate the present value of growth opportunities.

(a). What's EPS (earnings per share) (keep four decimals)?

(b). What's cost of equity (in %) (keep four decimals)? %

(c). What's stock price without growth? (keep four decimals) $ per share

(d). What's stock price with growth? (keep four decimals) $ per share

(e). What's the present value of growth opportunities (keep four decimals) $