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House Depot Inc. reinvests 75% of its earnings in projects that provide an ROE of 11%. The firm's market capitalization rate, k, is 10%. The

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House Depot Inc. reinvests 75% of its earnings in projects that provide an ROE of 11%. The firm's market capitalization rate, k, is 10%. The firm's next dividend is expected to be $1 per share and earnings per share is expected to be $4 per share. The firm's intrinsic value based on current policies is $57.14. The firm's Present Value of Growth Opportunities is $ Give your answer to two decimal places

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