New Age now has the opportunity to add a line of computer accessories to the business. The immediate outlay (t = 0) for this opportunity is $75,000 (obtained via a bank loan), and the earnings from the line will begin one year from now (t = 1). The computer accessories business will generate $25,000 in additional earnings at the end of the year (which also take into account the interest necessary to pay back the debt). These earnings will also grow at 3% indefinitely. What is the per-share-value of the growth opportunities that the new line offers? Do not use dollar sign.

If the computer accessories line is added, what is the current value of the firms stock (to two decimal places)? Do not use dollar sign.