Turkcell is growing at a rate of 5% each year and is projected to keep growing at the same rate indefinitely. The next dividend that Turkcell will pay to its shareholders is expected to be $9 per share.

a. What must be the price of a share assuming a 10% rate of return on Turkcell? (Intermediate calculations should not be rounded.)

b. What part of Turkcell's value is attributed to assets in place, if earnings per share (EPS) are expected to be $10 next year? Assume a 10% rate of return on Turkcell.

(Intermediate calculations should not be rounded.)

c. What part of Turkcell's value is attributed to growth opportunities (PVGO), if earnings per share (EPS) are expected to be $10 next year?

(Intermediate calculations should not be rounded.)