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The newspaper reported last week that Bennington Enterprises earned $28 million this year. The report also stated that the firms return on equity is 15
The newspaper reported last week that Bennington Enterprises earned $28 million this year. The report also stated that the firms return on equity is 15 percent. Bennington retains 70 percent of its earnings.
| Required: |
| (a) | What is the firm's earnings growth rate? |
| (b) | What will firm's next year's earnings be? |
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