rend-Line Incorporated has been growing at a rate of 7% per year and is expected to continue to do so indefinitely. The next dividend is expected to be $8 per share.

If the market expects a 12% rate of return on Trend-Line, at what price must it be selling?

Note: Do not round intermediate calculations.

If Trend-Lines earnings per share will be $12 next year, what part of its value is due to assets in place?

Note: Do not round intermediate calculations.

If Trend-Lines earnings per share will be $12 next year, what part of its value is due to growth opportunities?

Note: Do not round intermediate calculations.