RealRetro Company's dividends per share are expected to grow indefinitely by 6% per year. a. If this years year-end dividend (i.e., D₁) is $9 and the market capitalization rate is 10% per year, what must the current stock price be according to the dividend discount model? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. If the expected earnings per share are $14, what is the implied value of the ROE on future investment opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

c. How much is the market paying per share for growth opportunities (i.e., PVGO)?