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FCR Company has just reported earnings of $16 million and plans to pay out a dividend of 55%b of its earnings. FCR Company has just

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FCR Company has just reported earnings of $16 million and plans to pay out a dividend of 55%b of its earnings.

FCR Company has just reported earnings of $16 million and plans to pay out a dividend of 55% of its earnings. FCR Company's ROE is 12%. The discount rate is 16%. What is the value of FCR Company? 87.5 million 171.8 million $116 million $338.5 million

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