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Walton, Inc. forecasts earnings next year of $4 per share. Walton, Inc. has a dividend payout ratio of 30% and a required return of 15%.

Walton, Inc. forecasts earnings next year of $4 per share. Walton, Inc. has a dividend payout ratio of 30% and a required return of 15%. Its ROE is 17%. What is the company's PVGO based on the Gordon growth model?

options: $17.14 $12.04 $38.71 $-$4.86 $-$14.19

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