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2. Michael's, Inc. had earnings per share of 5.25. The company announced that it plows back 60% of its earnings into projects returning 7.6667%. If

2. Michael's, Inc. had earnings per share of 5.25. The company announced that it plows back 60% of its earnings into projects returning 7.6667%. If you require a rate of return of 8.8 percent, how mu...

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