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A firm reinvests 53.88% of its earnings back into its business, which has a return on equity of 15.79%. The estimated growth rate of earnings

A firm reinvests 53.88% of its earnings back into its business, which has a return on equity of 15.79%. The estimated growth rate of earnings for this firm is:

(A) 8.51%

(B) 10.51%

(C) 12.51%

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