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Roget s Search Engine Limited plans to pay dividends of $ 2 . 0 0 , $ 3 . 5 0 , and then a

Rogets Search Engine Limited plans to pay dividends of $2.00, $3.50, and then a liquidating dividend of $20.25 over the next three years. The investors expect a 10 percent return on their investment.
Suppose Rogets Search Engine decides to forgo the dividend payments in Years 1 and 2 and instead reinvests the funds in additional projects available to the firm. Compute the current value of the firm under the following assumptions: (Do not round intermediate calculations. Round the final answers to 2 decimal places.)
a. Reinvested funds earn 8 percent.
Current value $
b. Reinvested funds earn 10 percent.
Current value $
19.92
c. Reinvested funds earn 12 percent.
Current value $

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