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9. (8 points) The Wall Street Journal reported last week that Bennington Enterprises earned $29 million in 2018. The report also stated that the firms
9. (8 points) The Wall Street Journal reported last week that Bennington Enterprises earned $29 million in 2018. The report also stated that the firms return on equity (equity value reported at the beginning of 2018) was 17 percent. Bennington retains 80% of its earnings. What is the firms earnings growth rate? What will next years earnings be?
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