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34 points Smokey Inc expects next year's EPS will be $6.05. It has a retention ratio of 0.5, and it will pay out the remainder

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34 points Smokey Inc expects next year's EPS will be $6.05. It has a retention ratio of 0.5, and it will pay out the remainder of earnings as dividends. The firm will invest all retained cash in new projects that are expected to return 10% and the stocks required rate of return is 12.13. What is the present value of Smokey's growth opportunities per share/ Round your answer to the nearest penny Tyne your answer 6 Next 1 Previous

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