What is the firm earnings growth rate

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Reference no: EM13275251

The newspaper reported last week that Bennington Enterprises earned $28 million this year. The report also stated that the firm's return on equity is 15 percent. Bennington retains 70 percent of its earnings.

Required:

(a) What is the firm's earnings growth rate?

(b) What will firm's next year's earnings be?

Reference no: EM13275251

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