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Last year, Questrom Puppy Therapy (QPT) earned $12 per share and reinvested all of its earnings in the company. OPT expects to continue to reinvest

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Last year, Questrom Puppy Therapy (QPT) earned $12 per share and reinvested all of its earnings in the company. OPT expects to continue to reinvest all of its earnings in the company at the end of years 1-4. At the end of year 5, QPT will distribute 20% of the year 5 earnings to investors. If QPT earns a retum on its investments in new projects of 10% and has a 15% return on equity capital, what do you expect the year 5 dividend to be? (round to the nearest cent Sx.xx)

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