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Ace Ventura, Inc. has expected earnings of $5 per share for next year. The firm's ROE is 15% and its earnings retention ratio is 40%.

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Ace Ventura, Inc. has expected earnings of $5 per share for next year. The firm's ROE is 15% and its earnings retention ratio is 40%. If the firm's market capitalization rate is 10%. a. At what price would you expect the company to sell? b. What is the present value of growth opportunities for the company? c. If the company cut the payout ratio to 40%, what is the he present value of growth opportunities for the company

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