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Tri-coat Paints has a current market value of $34 per share with earnings of $1.66. What is the present value of its growth opportunities (PVGO)

Tri-coat Paints has a current market value of $34 per share with earnings of $1.66. What is the present value of its growth opportunities (PVGO) if the required return is 5%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

PVGO$

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