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Dishwashers Delights plows back 70.00% of its earnings to take on projects that earn the firm a 14.00% rate of return. Dishwashers stockholders require a
Dishwashers Delights plows back 70.00% of its earnings to take on projects that earn the firm a 14.00% rate of return. Dishwashers stockholders require a return of 13.50% return on their common stock. Earnings per share are expected to be $6.00 next year. Required: a. What is the expected growth rate for Dishwashers common stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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