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DFB , Inc. expects earnings per share of $ 5 next year and plans to pay out 6 0 % of those as dividends. DFB
DFB Inc. expects earnings per share of $ next year and plans to pay out of those as dividends. DFB will reinvest its retained earnings in projects that have an expected return of per year, Assume DFB will maintain the same dividend payout rate, retention rate, and return on new investments in the future. If DFBs equity cost of capital is what price would you estimate for DFB stock?
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