Question: Problem 7-38 P/E Ratios (LO2) Web Cites Research projects a rate of return of 10% on new projects. Management plans to plow back 20% of

Problem 7-38 P/E Ratios (LO2) Web Cites Research projects a rate of return of 10% on new projects. Management plans to plow back 20% of all earnings into the firm. Earnings this year will be $1 per sh...

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