ce the test 4 pt Question 14 ART h me out with a new and improved product. As a re- it, the firm projects an ROE of 25%, and it will maintain a plowback ratio of 0.20. Its earnings in the coming year will be $3 per share. Investors expect a 12% rate of return on the stock. What is the present value of growth opportunities for ART? O $8.57 $16.29 O $9.29 $14.29 Next Previous O (hp 0) & 7 * 8 9 JL Y U UL P. ul H K