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Barnie Co. is expected to pay a dividend of $12 next year which is expected to grow at a constant rate 4% indefinitely. If the

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Barnie Co. is expected to pay a dividend of $12 next year which is expected to grow at a constant rate 4% indefinitely. If the company plows back a constant 25% of earnings and investors require a 12% return on company's stock, then the value market places to the company's growth opportunities per share is closest to: Select one: O a. $19 O b. $17 O C. $21 O d. $15

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