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Express companys current ROE is 22% and its earnings retention ratio is 55%. Its expected earnings for next year are $4 per share. Assume that

Express companys current ROE is 22% and its earnings retention ratio is 55%. Its expected earnings for next year are $4 per share. Assume that the market capitalization rate is 14%, what is the firms present value of its growth opportunities? *

A) $66.1

B) $25.09

C) $77.6

D) $30.4

E) None of the above

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