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ROE=(.1782+.2119+.1677)/3=18
RR= (8.39-4.5)/8.39=0.46
g = ROE x RR = .0828 (C) 0.0828
Average of two,(A+C)/2
GROWTH (rounded) 0.14
Cost of equity:
Average ROE for the past 3 years 0.18