Fincorp will pay a year-end dividend of $2.40 per share,?

Question

which is expected to grow at a 4 percent rate for the indefinite future. The discount rate is 12 percent.
What is the stock selling for?
If earnings are $3.10 a share, what is the implied value of the firm's growth opportunities?

Answer 1

2.40/(.12-.04) = $30 per share

PVGO = 30-(3.1/.12) = $27.42

Answer 2

More than easy

Make jumbo chocolate covered strawberries with nuts on a popsicle stick. At the mall they are 5$ a chocolate covered strawberry, sell 30 a day each one is 2$ and you will make 60$ a day if you sell all of them. And in a week you will make 420$.
and a month 2,520$
a year 30,240$ damn you could by a house sell like 60 a day
and in a year 60,480$.