Question: Show me the steps to solve Shield Corp. expects an earnings per share of $ 1 . 6 2 and reinvests 4 0 % of

Show me the steps to solve
Shield Corp. expects an earnings per share of $1.62 and reinvests40% of its earnings. Management projects a rate of return of 13% on new projects and investors expect a 8% rate of return on the stock.
What is the price of the stock with growth?

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