PC 31 is a solar power company that developed new technology that makes solar power more affordable. As a result, they are expecting a 15% annual growth rate for the next five years. By the end of 5 years, the growth rate will slow to 5% per year. Stockholders require a return of 12% on BC31s stock. The most recent dividend, paid yesterday, was $1.75.

-What is the is the expected per share value of the stock today?

-If the current market price was $70 per share, would you buy it or short it?

-If the current market price was $45 per share, would you buy it or short it?