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Next year's earnings are estimated to be $4. The company plans to reinvest 20% of its earnings at 10%. If the cost of equity is

Next year's earnings are estimated to be $4. The company plans to reinvest 20% of its earnings at 10%. If the cost of equity is 6%, what is the present value of growth opportunities? O $13.33 O $12.33 O $14.33 O $6.06

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