I am considering two alternative investments: growth firm with earnings of $50,000 and a market value...

I am considering two alternative investments: growth firm with earnings of $50,000 and a market value of $70,000,000 or value firm with earnings of $400,000 and a market value of $10,000,000. Assume the appropriate discount rates for growth firms is 15% and the appropriate discount rate for value firms is 9%. What are the implied growth rates for each of the firms? What are the present value of growth opportunities (PVGO) for each firm?

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