EXAM CONTROLS Question 24 FLAG QUESTION Scooter Madness (SM) has 10,000 shares outstanding and is expected to have Net Income of $95,000 in year 1. SM expects to retain 20% of its earnings to invest in projects at the end of year 1 If the expected share price 1 year from today after any dividend issued is S65 and SM's return on equity capital is 16%, what would you expect the share price to be today?(round to the nearest cent Sx.xx) Answers 1-1 1 17 18 Previous ES italization Share Price