Thanks 5 0/1 point A firm expects next year's EPS to be $2.16....
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5 0/1 point A firm expects next year's EPS to be $2.16. Its dividend payout ratio is 0.8 and it will reinvest the remainder of earnings in projects with expected return of 15. If the stock's required rate of return is 14.9%, what is the present value of the firm's growth opportunities? Round your answer to the nearest penny
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