Question: The newspaper reported last week that Bennington Enterprises earned $34 million this year. The report also stated that the firms return on equity is 16

The newspaper reported last week that Bennington Enterprises earned $34 million this year. The report also stated that the firm’s return on equity is 16 percent. Bennington retains 80 percent of its earnings. What is the firm’s earnings growth rate? What will next year’s earnings be?

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