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o You expect that Bean Enterprises will have earnings per share of $2 for the coming year. Bean plans to retain all of its earnings

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o You expect that Bean Enterprises will have earnings per share of $2 for the coming year. Bean plans to retain all of its earnings for the need three years. For the subsequent two years, the firm plans on retaining 50% of its earings. It will then retain only 25% of its earnings from that point forward. Retained earnings will be invested in projects with an expected return of 20% per year. If Bean's equity cost of capital is 10%, then the price of a share of Bean's stock is closest to O A $16.54 OB. $41.36 O C. $24.82 OD. 566.18 Click to select your answer a w N O hp

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