Google Solution to Greenlight Corp. forecasts its next years earnings to be $8.00 per share. The com
Google Solution to Greenlight Corp. forecasts its next years earnings to be $8.00 per share. The company has a policy of paying out 60% of its eranings. If ROE is 20%, the cost of equity is 12.5%, and the firm's weighted average cost of captital is 10%, what is the present value of growth opportunity?