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Suppose a mature firm decides to invest in a new project with an expected Return on Equity ( ROE ) of 1 0 % .
Suppose a mature firm decides to invest in a new project with an expected Return on Equity ROE of To fund this project, the firm reduces its dividend payment by The forward earnings are $ per share, and the required rate of return is What is the present value of the growth opportunity PVGO No excel, show all your work please.
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