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please show the work, i have the answer highlighted. 25. ART has come out with a new and improved product. As a result, the firm

please show the work, i have the answer highlighted.
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25. ART has come out with a new and improved product. As a result, the firm projects an ROE of 25%, and it will maintain a plowback ratio of .20. Its earnings next year will be $3 per share. Investors expect a 12% rate of return on the stock. What price do you expect ART shares to sell for in 4 years? A. $53.96 B. $44.95 C. $41.68 D. $39.76

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