Dishwashers Delights plows back 69.00% of its earnings to take on projects that earn the firm a rate of return of 15.00%. Dishwashers stockholders require a return of 11.50% on their common stock. Earnings per share are expected to be $3.00 next year.

expected growth rate for Dishwashers common stock = 10.35%

expected dividend for next year = $0.93

c. What is the intrinsic value of Dishwashers stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

d. If Dishwashers management chose to pay out all earnings as dividends, what would be the intrinsic value of its stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

e. What is the present value of growth opportunities for Dishwasher's Delights? (Do not round intermediate calculations. Round your answer to 2 decimal places.)