Question: 6. Consider the setting of the previous problem. However, now assume that the opportunity to invest 25% of BouncingBall's earnings is not a onetime opportunity

 6. Consider the setting of the previous problem. However, now assume
that the opportunity to invest 25% of BouncingBall's earnings is not a

6. Consider the setting of the previous problem. However, now assume that the opportunity to invest 25% of BouncingBall's earnings is not a onetime opportunity occurring three years from now, but also occurs in each subsequent year. That is, assume that three years from now, and in every subsequent year in perpetuity, the company has an opportunity to invest 25% percent of its earnings in new projects. Each of these opportunities is equivalent to that described in the previous problem in that, for for each dollar invested, earnings will be $0.40 higher in each subsequent year (in perpetuity) than they would have been otherwise. If BouncingBall makes this investment every year (starting in year three), what is the price per share of the stock

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