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DJ Corporations rate of return on reinvested earnings is 16%. The company will have earnings of $9.75 per share this year. If the Market requires

DJ Corporations rate of return on reinvested earnings is 16%. The company will have earnings of $9.75 per share this year. If the Market requires a return of 10% for the risks of DJ, what is the Present Value of Growth Opportunities (PVGO) if the company reinvests 40% of its earnings?

$65.00
None of the above
$108.33
$46.64
$173.33

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