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

s expected to be $$7$ per share.

a$.$ 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.

Current selling price

$

$140$

b$.$ If Trend$-$Line's 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.

Trend$-$Line's value

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

Note: Do not round intermediate calculations.

Trend$-$Line's value