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please explain how to do it with a financial calcualtor as well D | Question 7 1 pts Royal Hills Corporation pays 30% of its

image text in transcribedplease explain how to do it with a financial calcualtor as well

D | Question 7 1 pts Royal Hills Corporation pays 30% of its earnings to stockholders and retains 70% to finance growth. The firm recently paid a $3.20 common stock dividend. Investors require a return of 14% on Royal Hills common stock. If the firm earns a return on equity of 13%, what should be the value of Royal Hills common stock? $89.50 O $71.25 $65.30 $83.70 $82

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