Problem # 7. You are trying to value ABC company and it has an equity beta of 0.9. The company earned $2.50 in the year that just ended. You expect the companys earnings to grow 4 percent per year. The company has an ROE of 12 percent. The current risk-free rate is 3 percent, and the market risk premium is 5 percent. a) What is the value of the stock? b) What is the present value of the growth opportunity?