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Question 25 (1 point) Firm Z expects to earn $4 per share next year. The firm's ROE is 12% and its plowback ratio is 60%.

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Question 25 (1 point) Firm Z expects to earn $4 per share next year. The firm's ROE is 12% and its plowback ratio is 60%. If the firm's market capitalization rate is 10%, what is the present value of growth opportunities (PVGO)? $15.66 $17.14 $18.45 $19.62

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