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Tri - coat Paints has a current market value of $ 5 0 per share with earnings of 5 . 9 7 . What is

Tri-coat Paints has a current market value of $50 per share with
earnings of 5.97. What is the present value of its growth
opportunities (PVGO) if the required return is 12%?(Do not
round intermediate calculations. Round your answer to 2 decimal
places.)

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