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A firm's Return on Equity over the next 12 months is expected to be 13.2% and its EPS is expected to be $9.98. The firm's

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A firm's Return on Equity over the next 12 months is expected to be 13.2% and its EPS is expected to be $9.98. The firm's dividend payout ratio is 65%. If the cost of equity is 9.7%, what is the Present Value of Growth Opportunities

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