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Palantir Technologies Inc. pays out all its earnings and has a share price of $250. In order to expand, Palantir decides to cut its dividend

Palantir Technologies Inc. pays out all its earnings and has a share price of $250. In order to expand, Palantir decides to cut its dividend from $30.00 to $16.00 per share and reinvest the retained funds. Once the funds are reinvested, they are expected to grow at a rate of 16%. If the reinvestment does not affect Palantir's equity cost of capital and earnings before the dividend cut were expected to be constant, what is the expected share price as a consequence of this decision? Group of answer choices $406.60 $352.94 $371.68 $464.40

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