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Lee Sports projects an ROE of 20%, and it will maintain a plowback ratio of 0.3. its earnings this year will be $2/share. Investors expect

Lee Sports projects an ROE of 20%, and it will maintain a plowback ratio of 0.3. its earnings this year will be $2/share. Investors expect a 12% rate of return on the stock.

a) What is the price and P/E ratio?

b) What is the PVGO?

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