Question: Saved Help Save & Exit Submit RT has come out with a new and improved product. As a result, the firm projects an ROE of

Saved Help Save & Exit Submit RT has come out with a new and improved product. As a result, the firm projects an ROE of 26%, and it will maintain a plowback ratio of 25. Its earnings this year will be $2.0 per share. Investors expect a 14% rate of return on the stock. What price do you expect ART hares to sell for in 4 years? Multiple Choice

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