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step by step, also if you can use the financial calculator for this TI-83 say how 3. (8 pts) Small Fry, Inc., has just invented
step by step, also if you can use the financial calculator for this TI-83 say how
3. (8 pts) Small Fry, Inc., has just invented a potato chip that looks and tastes like a french fry. Given the phenomenal market response to this product, Small Fry is reinvesting all of its earnings to expand its operations. Earnings were $2 per share this past year and are expected to grow at a rate of 20% per year until the end of year 4 . At that point, other companies are likely to bring out competing products. Analysts project that at the end of year 4, Small Fry will cut investment and begin paying 60% of its earnings as dividends and its growth will 1 slow to a long-run rate of 4%. If Small Fry's equity cost of capital is 8%, what is the value of a share today? (Use the following cash flows to solve this question)Step by Step Solution
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