Please note the form. These is a text task (i.e. task - calculation - answer sentence)!

Kalvin SA pays dividends that are expected to grow at 7 per cent each year. These will stop in year 5, at which point the company will pay out all its earnings as dividends. Next year's dividend is 10 and its EPS at the time will be 15. If the appropriate discount rate on Kalvin shares is 9 per cent, what is its share price today?

Question:If Kalvin SA were to distribute all its earnings. it could maintain a level dividend stream of 15 per share. How much is the market actually paying per share for growth opportunities?