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Fincorp will pay a year-end dividend of $2.40 per share, which is expected to grow at a 4% rate for the indefinite future. The discount

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Fincorp will pay a year-end dividend of $2.40 per share, which is expected to grow at a 4% rate for the indefinite future. The discount rate is 12%. a. What is the stock selling for? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. Stock price b. If earnings are $3.10 a share, what is the implied value of the firm's growth opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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