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What is the PVGO for a firm that earned $3.00/share this year, will pay out 45% of its earnings, has 8% cost of equity, and

What is the PVGO for a firm that earned $3.00/share this year, will pay out 45% of its earnings, has 8% cost of equity, and a growth rate of 2%?

a) $8.12

b) $6.08

c) $5.71

d) $4.59

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