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Telstra expects to have $3 earnings per share at the end of the year that just started The firm's ROE is expected to be 10%

Telstra expects to have $3 earnings per share at the end of the year that just started The firm's ROE is expected to be 10% and its Plowback ratio 0.4. If the firm's market capitalization rate is 6%, what is the present value of its growth opportunities? (rounded to 2 decimal points)

a.$10.14

b.-$43.60

c.$12.40

d.$40.00

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