Grott and Perrin, Inc., has expected earnings of $3 per share for next year. The firm's ROE is 20%, and its earnings retention ratio is 70%. If the firm's market rate of return is 15%, what is the present value of its growth opportunities? Round your answer to integer. Answer

Continue from previous problem. What is the fair value per share of Grott and Perrin, Inc.? Round your answer to integer. Answer