Question: Sheldon Science Corp. expects to earn $40 per share next year. The firm's ROE is 10% and its plowback ratio is 40%. If the firm's

 Sheldon Science Corp. expects to earn $40 per share next year.

Sheldon Science Corp. expects to earn $40 per share next year. The firm's ROE is 10% and its plowback ratio is 40%. If the firm's market capitalization rate is 8%, what is the present value of its growth opportunities? PVGO

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