Aptech Corporation has just distributed $1.5 dividend. The return on equity for the company is estimated to be 14 percent. The required rate of return is expected to be 13.4 percent. Company is paying out 29 percent of its earnings as dividend. Using the information for the company, calculate the present value of growth opportunities (PVGO)? In other words what part of the price coming from the future growth opportunities? \$19.67 $5.2 $9.98 $47.66