Metatrend's stock will generate earnings of $3 per share this year. The discount rate for the stock is 10%, and the rate of return on reinvested earnings also is 10%. 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: 0%; 30%; 50%. (Leave no cells blank - be certain to enter"0" wherever required. Do not round intermediate calculations.) Redo part (a) now assuming that the rate of return on reinvested earnings is 15%. What is the present value of growth opportunities (PVGO) for each reinvestment rate? (Leave no cells blank - be certain to enter"0" wherever required. Do not round intermediate calculations. Round your answer to 2 decimal places.)