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QUESTION 13 Flanders, Inc. has expected earnings of S3 per share for next year. The firm's ROE is 10% and its earnings retention ratio is

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QUESTION 13 "Flanders, Inc. has expected earnings of S3 per share for next year. The firm's ROE is 10% and its earnings retention ratio is 40%. If the firm's market capitalization rate is 8%, what is the preserk value of its growth opportunities

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