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Ace Ventura, Inc., has expected earnings of $ 6 per share for next year. The firm's ROE is 1 0 % , and its earnings

Ace Ventura, Inc., has expected earnings of $6 per share for next year. The firm's ROE is 10%, and its earnings retention ratio is 15%. If the firm's market capitalization rate is 2.5%, what is the present value of its growth opportunities? "

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