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19.20 24. 25 next page end of completion 17. 2 points) Jumbo Transport, an air-cargo company, expects to have earnings per share of $2.00 in

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19.20 24. 25 next page end of completion 17. 2 points) Jumbo Transport, an air-cargo company, expects to have earnings per share of $2.00 in the coming year. It decides to retain 10% of these earnings in order to lease new aircraft. The return on this investment will be 25%. If its equity cost of capital is 11%, what is the expected share price of Jumbo Transport? (no answer) $16.94 $21.18 $12.71 $14.83 ious page FAHADULES Last saved: 08:42:14 na asm IGAIL FORO ZE N T GOALS reen Shot

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