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15. A firm has a one year lead on the competition and will grow by 40 % for the first year only then revert to

15. A firm has a one year lead on the competition and will grow by 40 % for the first year only then revert to constant growth of 3 %. If today they have a dividend of $0.60, and investors want a 12 % return, what should the firms stock sell for TODAY?

15A. Find the IRR for the following YEARLY cash flows (100), 25, 40, 50, 60.

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