urgent plz

Firm ABC: ROE =20%, Dividend Payout Ratio =60%, and next year's earnings per share =$5.00. Therefore, the expected dividend per share next year is $3.00. What is the present value of the growth opportunities (PVGO)? Hint: the expected dividend per share would be $5.00 constantly if Firm ABC pays out all earnings as dividends. \begin{tabular}{|l} \hline$33.33 \\ \hline$11.12 \\ \hline$9.52 \\ \hline$15.55 \end{tabular} Firm ABC:ROE=20%, Dividend Payout Ratio =60%, and next year's earnings per share =$5.00. Therefore, the expected dividend per share next year is $3.00. What is the stock value by using a cost of equity capital of 15% ? $38.50$42.86$48.12$45.45