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1) iX USA had EPS of $3 last year. Investment in fixed capital was $1.50/share, depreciation was $1/share and investment in working capital was $0.75/share.

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1) iX USA had EPS of $3 last year. Investment in fixed capital was $1.50/share, depreciation was $1/share and investment in working capital was $0.75/share. The company had a target debt to equity ratio of 50%. The company's cost of equity is 15% and the expected growth rate is 5%. Calculate the implied prevailing share price

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