PHE expects annual earnings of $30 per share forever if there is no growth. It has growth opportunities every two years. PHE will reinvest 40% of the earnings in years 2, 4, 6, 8, .... The ROE is 14% and its cost of equity is 7%. A. Using NPVGO method, calculate the current stock price B. Using DDM, calculate the current stock price. PHE expects annual earnings of $30 per share forever if there is no growth. It has growth opportunities every two years. PHE will reinvest 40% of the earnings in years 2, 4, 6, 8, .... The ROE is 14% and its cost of equity is 7%. A. Using NPVGO method, calculate the current stock price B. Using DDM, calculate the current stock price