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Consider a company that has the required rate of return on new investment 20%. Its dividend payout ratio is 60% and the most recent available

Consider a company that has the required rate of return on new investment 20%. Its dividend payout ratio is 60% and the most recent available earnings figure is $1.2. The required rate of return on equity given the company's level of risk is 14%. What is the value of the company (given its sustainable growth)?

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