xyz corp expects to earn $4.1 per share next year and plow back 39.02% of its earnings (i.e., it expects to pay out a dividend of $2.5 per share, representing 60.98% of its earnings). the dividends are expected to grow at a constant sustainable growth rate and the stocks are currently priced at $30 per share. how much of the stock's $30 price is reflected in present value of growth opportunities (pvgo) if the investors' required rate of return is 20%?
