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A firm has earnings of $ 4 4 7 and a PE ratio of 2 3 . What is the PVGO ( present value of

A firm has earnings of $447 and a PE ratio of 23. What is the PVGO (present value of growth opportunities) for this firm if the appropriate cost of capital is 7.8%?(Give your answer to the nearest dollar.)
Correct Answer: 4,550

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