Which of the following formulas is$$ INCORRECT?

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Part $1$

A$.$

rE$=($Div$1/$ P$0)+$ g

B$.$

earnings growth rate$=$ retention rate times return on new investment

C$.$

PN$=($rE minus g$)$ times Div$$N$+1$

D$.$

Divt$=$ EPSt times Dividend Payout Rate