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13 Flanders, Inc., has expected earnings of $3 per share for next year. The firm's ROE is 15%, and its earnings retention ratio is 35%.

13 "Flanders, Inc., has expected earnings of $3 per share for next year. The firm's ROE is 15%, and its earnings retention ratio is 35%. If the firm's market capitalization rate is 9%, what is the present value of its growth opportunitiesimage text in transcribed

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