The current risk$-$free rate is $4$ percent and the market risk premium is $5$ percent. You are trying to value ABC company and it has an equity beta of $0\mathrm{.}7.$ The company earned $$3\mathrm{.}00$ per share in the year that just ended. You expect the company's earnings to grow $4$ percent per year. The company has an ROE of $12$ percent.

What is the value of the stock? Do not round intermediate calculations. Round your answer to the nearest cent.

$

What is the present value of the growth opportunity? Do not round intermediate calculations. Round your answer to the nearest cent.

$