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Trend-Line Inc. has been growing at a rate of 4% per year and is expected to continue to do so indefinitely. The next dividend s

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Trend-Line Inc. has been growing at a rate of 4% per year and is expected to continue to do so indefinitely. The next dividend s expected to be $6 per share. a. If the market expects a 12% rate of return on Trend-Line, at what price must it be selling? (Do not round intermediate calculations.) b. If Trend-Line's earnings per share will be $6, what pat of Trend-Line's value is due to assets in place, and what part to growth opportunities? (Do not round intermediate calculations.)

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