Metatrend's stock will generate earnings of $5 per share this year. The discount rate for the stock is 15% and the rate of return on reinvested earnings is also 15%. a-1. 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%. (Round your answers to 2 decimal places.) 9 Po 0.00% 33.33 S a-2 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: 40%. (Round your answers to 2 decimal places.) 5.00% 9 P. S 3.00 a-3. Find both the growth rate of dividends and the price of the stock if the company relnvests the following fraction of its earnings in the firm: 60%. (Round your answers to 2 decimal places.) 9 PO b-1. Assume that the rate of return on reinvested earnings is 20%. Find both the growth rate of dividends and the price of the stock it the company relinvests the following fraction of its earnings in the form: 0% (Do not round Intermediate calculations. Round your answers to 2 decimal places.) g PO b-2 Now assume that the rate of return on reinvested earnings is 20%. 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: 40%. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) 9 Po D-3. Now assume that the rate of return on reinvested earnings is 20%. 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: 60%. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) g Po b-4. What is the present value of growth opportunities for each reinvestment rate? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) PVGO PVGOD PVGO c. Considering your answers to parts (3) and (b), can you briefly state the difference between companies experiencing growth versus companies with growth opportunities? Company can fully take advantage of growth opportunities, only if the return on reinvested earrings is greater than the discount rate. When the aforementioned happens the NPV af the firm's new projects is . and PVGO is *