Problem 4-21 Growth opportunities Company Z's earnings and dividends per share are expected to grow indefinitely by 2% a year. Assume next year's dividend per share is $14 and next year's EPS is $2. The market capitalization rate is 12%. If Company Z were to distribute all of its earnings, it could maintain a level dividend stream of $2 a share. How much is the market actually paying per share for growth opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value growth opportunities