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Our company forecasts to have $14.78 earnings next year. The required return is 15%. We decide to plowback 49% of the earnings at the firm

Our company forecasts to have $14.78 earnings next year. The required return is 15%. We decide to plowback 49% of the earnings at the firm current return on equity of 17%. What is the value of the stock after the plowback decision?

A. 195.5

B. 87.4

C. 113.0

D. 136.0

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