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XYZ Corp expects to have earnings per share of $8.40 in the coming year. Canberra has a return on new investment of 14%. If the
XYZ Corp expects to have earnings per share of $8.40 in the coming year. Canberra has a return on new investment of 14%. If the firm's dividend payout rate is 75%, and its equity cost of capital is 9%, what is the value of Canberra's stock?
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