CD Bargain Barn is forecasting earnings per share of $3.25 next year. Its investors require a return of 15.0%. What is the no-growth value of CD’s stock? (Round your answer to 3 decimal places.)
If the stock’s price is currently $50, what is the present value of growth opportunities (PVGO)? (Round your answer to 3 decimal places.)
What is the implied P/E ratio for CD’s stock? (Round your answer to 2 decimal places.)