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Jordan, Inc.s rate of return on reinvested earnings is 18%. The company will have earnings of $5.40 per share this year. If the Market requires

Jordan, Inc.s rate of return on reinvested earnings is 18%. The company will have earnings of $5.40 per share this year. If the Market requires a return of 12% for the risks of Collins, what is the Present Value of Growth Opportunities (PVGO) if the company reinvests 20% of its earnings?

$12.86
None of the above
$19.29
$9.24
$6.43

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