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Even Better Products has come out with an even better product. As a result, the firm projects an ROE of 20%, and it will maintain

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Even Better Products has come out with an even better product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 0.30 . Its earnings this year will be $3 per share. Investors expect a 13% rate of return on the stock. c. What would be the P/E ratio and the present value of growth opportunities if the firm planned to reinvest only 15% of its earnings? (Do not round intermediate calculations. Round your answers to 2 decimal

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