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Next year's earnings are estimated to be $5. The company plans to reinvest 20% of its earnings at 14.06%. If the cost of equity is

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Next year's earnings are estimated to be $5. The company plans to reinvest 20% of its earnings at 14.06%. If the cost of equity is 9%, what is the present value of growth opportunities? $11.11 B $9.09 C) $10.10 $12.21

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