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17 2 points Afirm expects next year's EPS to be $5.40. Its retention ratio is 0.5 and the expected return on new projects is 17%.

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17 2 points Afirm expects next year's EPS to be $5.40. Its retention ratio is 0.5 and the expected return on new projects is 17%. If the stock's required rate of return is 14.1%, whatis the present value of the firm's growth opportunities? Round your answer to the nearest penny. Type your

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