Woe Co. is expected to pay a dividend or $4.00 per share out of earnings of $7.50 per share.  If the required rate of return on the stock is 15% and dividends are growing at a current rate of 10% per year, calculate the present value of the growth opportunity for the stock (PVGO).

1. A) $80
2. B) $50
3. C) $30
4. D) $26
5. E) None of the above