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Shaw Corp has a payout ratio of 0.6 and it reinvests the remainder of earnings in new projects. If next year's EPS (EPS1) will be

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Shaw Corp has a payout ratio of 0.6 and it reinvests the remainder of earnings in new projects. If next year's EPS (EPS1) will be $2.81 and the new projects have expected return of 15%, what is the present value of the firm's growth opportunities? Use a discount rate of 10.2% in your calculations. Round your answer to the nearest penny. Jody starts a foundation that will provide constant yearly payments to local schools. The first payment will occur in one year, and future yearly payments will continue indefinitely. If she donates $7 million today and the funds will be invested to earn an annual rate of return of 4.8%, what is the yearly payment? Enter your answer as a positive number rounded to the nearest dollar

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