How do I solve part B?

b. Now the MDC announces a plan for CSI to treat Cambridge sewage. CSI's plant will, therefore, be expanded gradually over five years. This means that CSI will have to reinvest 60% of its earnings for five years. Starting in year 6, however, it will again be able to pay out 70% of earnings. What will be CSI's stock price once this announcement is made and its consequences for CSI are known? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Stock price $ 79.65 X Compost Science Inc. (CSI) is in the business of converting Boston's sewage sludge into fertilizer. The business is not in itself very profitable. However, lo induce CSI to remain in business, the Metropolitan District Commission (MDC) has agreed to pay whatever amount is necessary lo yiekl CSI a 12% bexkreturn on exquily. Al the end of the year, CSI is expecled to pay a $5 dividend. It has been reinvesling 30% of earnings and growing al 4% a year. (-1. Suppose CSI continues on this growth trend. What is the expected long-run iate of return from purchasing the stock at $100? (Do not round intermediate calculations. Enter your answer as a percent rounded to the nearest whole number.) Answer is complete and correct. Rue ofretum 9% 3-2. Whal pail of the $100 price is allribulable: lo the presenl value of growth opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. PVCO $ 2053