The Cipper stiloout Company is expected to eam $2 per share next yeak, The company will have a return on equity of 16 percent and the compamy will grow 5 . percent in the futur Toe company has a cost of equity of 14 percent. Given that information, answer the following questions. a. What is the value of the compamy's stock? Do not round intermediate calculations. Round your answer to the nearest cent 1 b. What is the present value of the growith opportunity? Do not round intermeciote calculations. Round your answer to the nearest cent. Dwo decimal places