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8 All rights reserved. Calculation Problem 2. Mo dular Industries currently has a 16% annual growth rate while the market average is 6 percent. The

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8 All rights reserved. Calculation Problem 2. Mo dular Industries currently has a 16% annual growth rate while the market average is 6 percent. The market multiple is 10. Determine the justified P/E ratio for Modular Industries assuming Modular can maintain its superior growth rate for the next 5 years

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