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Computer Corp. reinvests 60% of its earnings in the firm. The stock sells for $35, and the next dividend will be $4.20 per share. The

Computer Corp. reinvests 60% of its earnings in the firm. The stock sells for $35, and the next dividend will be $4.20 per share. The discount rate is 16%. What is the rate of return on the companys reinvested funds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Rate of return %

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