Metatrend's stock will generate earnings of $3 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 form: (0) 0%, (m) 40%, (i) 60% (Do not round intermediate calculations. Enter the growth rates as a whole percent.) 0% Reinvestment of Earnings 40% 0% 60% Growth rate of dividends 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 0% 40% 60 % PVGO