Trend-Line Inc. has been growing at a rate of 6 percent per year and is expected to continue to do so indefinitely. The next dividend is expected to be $5 per share.

1. If the market expects a 10 percent rate of return on Trend-Line and If Trend-Line's earnings per share will be $9, what part of Trend-Line's value is due to assets in place?

2. If the market expects a 10 percent rate of return on Trend-Line and If Trend-Line's earnings per share will be $9, what part of Trend-Line's value due to the growth opportunities?