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XYZ firm has a ROE of 16.6% and reinvest 35% of its earnings back into its business in order to support its earning and dividend

XYZ firm has a ROE of 16.6% and reinvest 35% of its earnings back into its business in order to support its earning and dividend growth. Next year the firm is expected to earn 3.61 per share Assuming a capitalization rate of 9.09% estimated using CAPM calculate the firm PVGO

steps please solution is 31.83

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