Question 16 (3 points) A company has reported earnings per share (EPS) of $2.4 this...
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Question 16 (3 points) A company has reported earnings per share (EPS) of $2.4 this year. The earnings growth rate of is expected to be 9% per year for year 1 to year 6 and 4% after year 6. The company maintains a constant equity reinvestment rate of 20% indefinitely. What will be the company's FCFE per share in year 7? Round your answer to two decimal places
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