Trend$-$Line Inc. has been growing at a rate of $5\%$ per year and is expected to continue to do so indefinitely. The next dividend is

expected to be $$5$ per share.

a$.$ If the market expects a $10\%$ rate of return on Trend$-$Line, at what price must it be selling? $($Do not round intermediate calculations.$)$

Current selling price

b$.$ If Trend$-$Line's earnings per share will be $$6$ next year, what part of its value is due to assets in place? $($Do not round intermediate

calculations.$)$

Trend$-$Line's value

c$.$ If Trend$-$Line's earnings per share will be $$6$ next year, what part of its value is due to growth opportunities? $($Do not round

intermediate calculations.$)$

Trend$-$Line's value