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A company will produce $3.00 in earnings per share at the end of the year. Reinvested earnings can produce a 14% return on equity. What

  1. A company will produce $3.00 in earnings per share at the end of the year. Reinvested earnings can produce a 14% return on equity. What is the PVGO if the company decides on a 30.0% plowback policy? Assume that investors have a 9.0% required rate of return. a. $10.42 b. $12.56 c. $13.86 d. $15.56

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