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Miami Hitech Corp expects $ 6 0 0 , 0 0 0 earnings this year and expects growth of 3 % forever. Its weighted average

Miami Hitech Corp expects $600,000 earnings this year and expects growth of 3% forever. Its weighted average cost of capital is 8%. Its cost of equity capital is 11%. It has 5 milion of debt and 200,000 share outstanding. The target price P will be: a.$12.50 b.$60 C. $37.50 d.$35

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