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Gen Lab Corp.'s market capitalization rate is 15%. Its expected ROE is 12%, and its...

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Finance

Gen Lab Corp.'s market capitalization rate is 15%. Its expected ROE is 12%, and its expected EPS is $2. What is the intrinsic value of the stock if the firm's plowback ratio is 10%? Round your answer to 2 decimal places and enter it without the dollar sign.

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