You are an expert in the area of stock valuations. Grayson, Inc., has hired you to help them understand how the market is valuing assets in place and the present value of growth opportunities of their stock. Grayson, Inc., is currently selling for 57.14 per share. Grayson is expected to earn $5.00 per share. In addition, Grayson has a required return of 12.5% and an ROE of 16%. Find the breakdown of Grayson between assets in place and the present value of growth opportunities.