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Clarksville Corp's EPS next year (EPS1) will be $5.14. The firm has a payout ratio of 0.9 and it reinvests the remainder of earnings in

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Clarksville Corp's EPS next year (EPS1) will be $5.14. The firm has a payout ratio of 0.9 and it reinvests the remainder of earnings in new projects. If the new projects have expected return of 14% and investors require a rate of return is 13.7%, what is the present value of the firm's growth opportunities? Round your answer to the nearest penny

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