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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 dividend payout ratio is 60%.

Ace Ventura, Inc. has expected earnings of $5 per share for next year. The firm's ROE is 15% and its dividend payout ratio is 60%. Assume a discount rate of 10%. What is the present value of its growth opportunities (PVGO)? $25 $100 $50 $75

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