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Flinders Corporation's shares currently cost $48, and it has 85 million shares outstanding. If it pays out 70% of its earnings in total and its

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Flinders Corporation's shares currently cost $48, and it has 85 million shares outstanding. If it pays out 70% of its earnings in total and its equity cost of capital is 6 percent, what are Flinders' earnings, given that these earnings are expected to grow by 4 % per year in the future

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