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A company is expected to earn $2.98 per share next year, and the payout ratio is expected to be 63%. The company will grow 5.8%

A company is expected to earn $2.98 per share next year, and the payout ratio is expected to be 63%. The company will grow 5.8% in the future. The company has a cost of equity of 11.2%. Given these information, answer the following question.

Calculate the present value of the growth opportunity (PVGO).

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