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Next year's earnings are estimated to be $5. The company plans to reinvest 20% of its earnings at 15%. If the cost of equity is
Next year's earnings are estimated to be $5. The company plans to reinvest 20% of its earnings at 15%. If the cost of equity is 10%, what is the present value of growth opportunities? Multiple Choice $6.14 $8.14 $7.14 $10.00
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