I need part B

Metatrend's stock will generate earnings of $6 per share this year. The discount rate for the stock is 15%, and the rate of return on reinvested earnings also is 15%. a. Find both the growth rate of dividends and the price of the stock if the company reinvests the following fraction of its earnings in the firm: (i) 0%; (ii) 40%; (iii) 60%. (Do not round intermediate calculations. Enter the growth rates as a whole percent.) Reinvestment of Earnings 60% 40% 0% 91% Growth rate of dividends 40 40 40 Stock price b. Redo part (a) now assuming that the rate of return on reinvested earnings is 20%. what is the present value of growth opportunities (PVGO) for each reinvestment rate? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Reinvestment of Earnings 60% 40% 0% 80.00 PVGO$