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8. Suppose that Panther Construction, Inc. expects to earn $3.00 per share during this year, and it will maintain a dividend payout ratio of 30%

8. Suppose that Panther Construction, Inc. expects to earn $3.00 per share during this year, and it will maintain a dividend payout ratio of 30% into the indefinite future. It has required return on equity of 15%, and its ROE iN18%. What is the estimated Present Value of Growth Opportunities (PVGO) for Panther

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